German MPs claim Greece needs €120bn

Author (Person)
Series Title
Series Details 29.4.10
Publication Date 29/04/2010
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Report of developments in the Greek debt crisis on the 28 April 2010. Greece will need financial assistance amounting to between €100-120bn over the next three years, German parliamentarians claimed after meeting Dominique Strauss-Kahn, Managing Director of the International Monetary Fund, and Jean-Claude Trichet, President of the European Central Bank.

Two thirds of the full Greek financial requirement over three years would have to be met by the eurozone member states, with a contribution from Germany of at least €16bn.

The head of the International Monetary Fund, Dominique Strauss-Kahn, warned that the crisis in Greece could spread throughout Europe.

Related Links
ESO: Background information: IMF looks at offering Greece more cash http://www.europeansources.info/record/imf-looks-at-offering-greece-more-cash/
BBC News, 28.4.10: Greece's 'death spiral' http://news.bbc.co.uk/1/hi/world/europe/8649653.stm
France24, 28.4.10: EU leaders seek to calm investor fears over Greece http://www.france24.com/en/20100428-greek-debt-crisis-eu-leaders-strive-reassure-markets-eurozone-stability
La Repubblica, 28.4.10: Playing poker with the euro (via PressEurop) http://www.presseurop.eu/en/content/article/241021-playing-poker-euro
ESO: Background information: German MPs urged to back Greek loan http://www.europeansources.info/record/german-mps-urged-to-back-greek-loan/
Deutsche Welle, 28.4.10: Greece needs yet more aid to overcome debts, say officials http://www.dw-world.de/dw/article/0,,5513829,00.html
BBC News, 28.4.10: Greece crisis: Fears grow that it could spread http://news.bbc.co.uk/1/hi/business/8648029.stm
BBC News, 28.4.10: Greece crisis: Is there an exit? http://news.bbc.co.uk/1/hi/business/8648456.stm
Kathimerini, 28.4.10: Crisis is opportunity, says PM http://www.ekathimerini.com/4dcgi/_w_articles_politics_100002_28/04/2010_116738
Spiegel Online International, 28.4.10: Greece Will Need up to 135 Billion Euros http://www.spiegel.de/international/europe/0,1518,691898,00.html
Frankfurter Allgemeine Zeitung, 29.4.10: We are all liars (via PressEurop) http://www.presseurop.eu/en/content/article/242281-we-are-all-liars

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