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

REUTERS SHOWCASE

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Pollution Levels

Pollution Levels

Delhi braces for worst air quality this Diwali week.  Full Article 

Fire Accident

Fire Accident

Firecracker market up in flames near Delhi  Video 

Yahoo Result

Yahoo Result

Yahoo ekes out Q3 revenue gain despite display ad weakness  Full Article 

Deal Talk

Deal Talk

Smartphone repair company B2X steps up expansion with Indian deal.  Full Article 

Reuters India Mobile

Reuters India Mobile

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