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Germany΄s Merkel: Awaiting ECB, IMF, EU Evaluation On Greek Program

The German government will await the result of an ongoing evaluation on the Greek bailout program by the European Central Bank, the International Monetary Fund and the European Commission before commenting on whether any further steps are necessary, German Chancellor Angela Merkel said Tuesday.
“We can only draw conclusions when we know the outcome” of that evaluation, Merkel told foreign journalists at a press conference.
The German Chancellor made her comments after a senior Greek government official earlier Tuesday had told Dow Jones Newswires that Greece expects a new package of nearly EUR60 billion in aid as early as next month that will cover its financial needs stretching into 2013.
Previous troika missions didn΄t result in any complaints, Merkel said.
“We need to see what the findings are this time. Only then I can decide what or whether anything at all needs to be done,” Merkel said.
Asked about possible additional aid measures, Merkel said she wouldn΄t do Greece any favors if she engaged in speculation.
(source: Dow Jones)

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