Schaeuble says euro zone, IMF agree on Greek debt buyback

BERLIN Wed Nov 21, 2012 7:56pm IST

German Finance Minister Wolfgang Schaeuble arrives at a Eurogroup meeting in Brussels November 20, 2012. REUTERS/Yves Herman

German Finance Minister Wolfgang Schaeuble arrives at a Eurogroup meeting in Brussels November 20, 2012.

Credit: Reuters/Yves Herman

Related Topics

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said on Wednesday euro zone governments and the IMF agreed on a Greek debt buyback programme among a series of measures aimed at covering the country's financing needs.

Schaeuble also told reporters none of the measures under consideration to help Greece would affect Germany's 2013 budget plan and said the Bundestag lower house of parliament should be able to vote on further aid for Athens by the end of next week.

"Additional measures are needed (for Greece) and we have spoken about this intensively with the International Monetary Fund. We agree essentially that the (financing) gap can and will be filled, that a buyback programme of Greek debt on the market will be carried out," he said.

Schaeuble was speaking after euro zone finance ministers and the IMF failed for a second week to reach a deal to release emergency aid for Greece.

(Reporting by Madeline Chambers, writing by Gareth Jones, editing by Noah Barkin)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Economic Pulse

REUTERS SHOWCASE

Smartphone Wars

Smartphone Wars

Google's Android One adds to Samsung's worries.  Full Article 

India Services Activity

India Services Activity

Services growth slowed in August, orders waned.  Full Article 

Money Matters

Money Matters

Banks pile pressure on liquor baron Mallya over airline loans.  Full Article 

Moody's on India

Moody's on India

India's rating seen limited by fiscal deficit, inflation - Moody's  Full Article 

Political Pulse

Political Pulse

100 days of Modi: Good for business, not so good for marginalised groups.  Full Article 

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi.  Full Article 

China Economy

China Economy

China services activity rebounds but property remains a worry.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage