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

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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)

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