Video

PrintPrint EmailEmail ShareShare CiteCite
Style:MLAAPAChicagoClose

loading...

EU's Rehn: Greek Aid Plan Days Away

Author: Olli Rehn, Commissioner for Economic and Monetary Affairs, European Union
June 1, 2011

European Union Commissioner for Economic and Monetary Affairs Olli Rehn expects negotiations on a new Greek aid plan between the EU, IMF, and Greek government will conclude "in the coming days," ahead of the EU finance ministers' meeting scheduled for June 20.

"We are expecting that Greece will, in the coming days, present concrete measures in order to fill the fiscal gap of this year, 2011," said Rehn, "and to seriously launch its privatization program which aims at collecting altogether 50 billion euros in the coming four or five years. Once these necessary conditions are met we will, together with the IMF, reflect and start preparing the next steps for the medium term in order to ensure financial stability and continue with the economic reform in Greece."


Terms of Use: I understand that I may access this audio and/or video file solely for my personal use. Any other use of the file and its content, including display, distribution, reproduction, or alteration in any form for any purpose, whether commercial, noncommercial, educational, or promotional, is expressly prohibited without the written permission of the copyright owner, the Council on Foreign Relations. For more information, write publications@cfr.org.

More on This Topic

Analysis Brief

Round Two Against Iran

A second round of UN sanctions is expected against Iran, including a possible arms embargo. Yet experts disagree whether more sanctions will...

Analysis Brief

New Squeeze on Iran

Amid reports Tehran may soften its nuclear stance, Washington has squeezed Iran to signal it will not allow the country to dominate the region.

Analysis Brief

Presidential Skeptics in Iran

With Iran’s economy struggling and the conservative camp split, President Ahmadinejad may find himself increasingly marginalized on foreign...