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

Interview

A Growth Strategy for Greece

George Papandreou interviewed by Christopher Alessi

The EU and IMF should loosen the austerity requirements of Greece's bailout package to allow the indebted country to implement needed...

Interview

Greek Tipping Point on the Horizon

Iain Begg interviewed by Christopher Alessi

Greece's political turmoil is spreading fresh economic uncertainty. But it is wrong to assume an automatic exit from the euro or further...

Analysis Brief

Greece's Risky Eurozone Maneuver

Author: Christopher Alessi

EU leaders are making plans for a Greek exit from the euro, even as Prime Minister George Papandreou scrambles to garner support for the new...