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Greek minister: Country may need extra 10 billion euros

Posted By kit On August 27, 2013 @ 4:08 pm In Global Crisis | Comments Disabled

Irene Chapple
CNN
August 27, 2013

Greece may need to tap its eurozone partners for an extra 10 billion euros in funding as it faces up to a cash shortfall, the country’s finance minister has said.

Yannis Stournaras said “if Greece needs additional support that will be of 10 billion euros, which is a very small amount compared with the previous memorandums.” The comments were in an interview with Greek newspaper Proto Thema Sunday and reported by press agency AMNA.

A support package would come “without new conditions,” Stournaras said, as targets were already in place until 2016. Further, there would be no haircut on Greek debt, he said.

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