Bloomberg News

Merkel Says Greek Aid to Be Paid If Greece Meets Conditions

February 24, 2012

Feb. 24 (Bloomberg) -- German Chancellor Angela Merkel said Greece will receive a second rescue package if it meets all conditions agreed on with fellow euro-area states.

Greece’s debt swap with private creditors is “new territory” and European leaders will need to await its outcome, Merkel told reporters in Stralsund, Germany, today after talks with Luxembourg Prime Minister Jean-Claude Juncker.

Juncker said the “night isn’t over” on sealing the second Greek aid package and there’s “no alternative” to Greece fulfilling its budget pledges.

To contact the reporter on this story: Brian Parkin in Stralsund at bparkin@bloomberg.net

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


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