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In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 21 August 2013 [View all]xchrom
(108,903 posts)11. ECB OFFICIAL HEADS TO ATHENS AMID TALK OF MORE AID
http://hosted.ap.org/dynamic/stories/E/EU_GREECE_FINANCIAL_CRISIS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-08-21-06-16-33
ATHENS, Greece (AP) -- A top European Central Bank official was heading to Athens on Wednesday to discuss progress on Greece's fiscal reforms as it became increasingly likely that the country will need more help once its bailout program ends next year.
Joerg Asmussen, one of the ECB's six executive board members, is to meet on Wednesday afternoon with Finance Minister Yannis Stournaras and Prime Minister Antonis Samaras. He will hold talks on Thursday with Deputy Prime Minister and Foreign Minister Evangelos Venizelos.
His visit comes just a day after Germany's finance minister said the country will need another rescue program, his clearest statement yet on the issue. He did not specify what form the new aid would take, but ruled out a write-down on Greece's public debt, which is now mainly bailout loans owed to other European governments.
Olli Rehn, the top monetary official at the European Commission, the EU executive branch, did not rule out the possibility of another bailout.
ATHENS, Greece (AP) -- A top European Central Bank official was heading to Athens on Wednesday to discuss progress on Greece's fiscal reforms as it became increasingly likely that the country will need more help once its bailout program ends next year.
Joerg Asmussen, one of the ECB's six executive board members, is to meet on Wednesday afternoon with Finance Minister Yannis Stournaras and Prime Minister Antonis Samaras. He will hold talks on Thursday with Deputy Prime Minister and Foreign Minister Evangelos Venizelos.
His visit comes just a day after Germany's finance minister said the country will need another rescue program, his clearest statement yet on the issue. He did not specify what form the new aid would take, but ruled out a write-down on Greece's public debt, which is now mainly bailout loans owed to other European governments.
Olli Rehn, the top monetary official at the European Commission, the EU executive branch, did not rule out the possibility of another bailout.
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