IMF Won’t Say How Much Emergency Aid Greece Will Need

International Monetary Fund Managing Director Dominique Strauss-Kahn said the size of Greece’s rescue package has yet to be decided as officials prepare to wrap up talks on the terms of the loans in Athens this weekend.

Greece may need as much as 120 billion euros ($158 billion) in aid, Green Party lawmaker Juergen Trittin quoted Strauss-Kahn as telling German deputies in a briefing in Berlin today. Strauss-Kahn declined to comment on the amount when asked about the report at a press conference in Berlin today.

Germany may be able to make a final decision on aid as soon as May 7 when the upper house of parliament could approve its share of the package, German Finance Minister Wolfgang Schaeuble said at the Berlin press conference. The euro region will act to safeguard “the stability of our currency,” he told reporters.

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- Posted: 2010-04-28 10:03:48

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