EU’s Rehn: Greek Aid Plan Days Away

June 1, 2011

EU’s Rehn: Greek Aid Plan Days Away
Explainer Video
from Video

More on:

Greece

Europe

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."

More on:

Greece

Europe

Close

Top Stories on CFR

Sanctions

For many policymakers, economic sanctions have become the tool of choice to respond to major geopolitical challenges such as terrorism and conflict.

China

The Trump administration has declared China a currency manipulator, but what that means for the ongoing trade war is far from clear.

Women and Economic Growth

The education gender gap costs the world between $15 trillion and $30 trillion in human capital. U.S. aid programs need to equip girls and women to participate in the modern digital economy.