Bloomberg News

Salgado Says Investors Won’t Be Forced Into Greek Bailout Role

October 04, 2011

Oct. 4 (Bloomberg) -- Spanish Finance Minister Elena Salgado said investors won’t be forced to participate in a second bailout program for Greece.

Salgado said private-sector involvement won’t be greater than envisioned in a July 21 agreement on Greece. She spoke to reporters in Luxembourg today.

Euro-area finance chiefs will decide on a further aid payment to Greece after they receive the assessment of the so- called troika mission, she said.

“In any case it gives us more tranquility to know that Greece doesn’t need the money as urgently as we had thought,” she said.

To contact the reporter on this story: Anabela Reis in Luxembourg at areis1@bloomberg.net

To contact the editor responsible for this story: Patrick Henry at phenry8@bloomberg.net


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