Bloomberg News

IMF Set to Offer EU23 Billion for Greece, Schaeuble Says

February 21, 2012

Feb. 21 (Bloomberg) -- The International Monetary Fund plans to offer 13 billion euros in aid to Greece under the country’s second bailout, plus 10 billion euros left over from the first program, German Finance Minister Wolfgang Schaeuble said.

Germany wants the IMF to continue to make “a substantial conntribution” to helping Greece, Schaeuble told reporters in Brussels today after European finance ministers held their latest meetings to stem the euro area’s debt crisis. The final decision is up to the IMF’s board, he said.

To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net

To contact the editor responsible for this story: Tony Czuczka at aczuczka@bloomberg.net


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