This is a follow-up news report about the crisis of Greece. It is reported that European leaders decided to offer the Greece a one-year aid package of €30 billion at a very low interest rate compared with the interest rate which investors have been demanding; It is reported that countries in the euro zone would loan Greece money at 5 percent interest, which is much lower than the rate—7.5 percent--- the government paid on the bond markets last week. And the financial commitment has reached $40.5 billion, which is above market expectations. This would at least postpone the need for aid by reassuring investors and helping Greece to refinance their debt. Moreover, the amount the I.M.F, would lend to Greece has not yet to be decided. And, according to Mr. Rehn, the European monetary affairs commissioner, euro-zone countries might provide two-thirds of the final package, and the I.M.F would provide a further one-third funds, which would make a total package of €45 billion.
In summary, from this article, one can see most of the euro zone countries believe the that Greece will be a credible loaners, since they do not require any special change of Greece’s government policies.
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