• Germany's news in English
 
app_header_v3

Greek debt relief decision expected on Monday

The Local · 17 Feb 2012, 16:13

Published: 17 Feb 2012 16:13 GMT+01:00

A German Finance Ministry spokesman told a regular government briefing there were still outstanding questions over an escrow account for debt repayments, surveillance of policy, financing gaps and debt sustainability.

Officials were likely to continue hashing out details until Sunday, said Martin Kotthaus.

"I assume that we will have a solid basis on Monday, from which the ministers will then be able to take a joint decision. This is all positive of course," he said. "However, it is still too early to say how the decision might turn out."

Eurozone leaders have been negotiating a Greek rescue package of €130 billion and a write-down of privately held government bonds worth €100 billion to avoid Greece defaulting on its debt package that comes due as early as next month.

After a conference call between the leaders of Germany, Italy and Greece, the Italian government released a statement saying officials were “confident” a deal would be reached to take pressure off Greece.

Meanwhile police continued to struggle to keep protests in Athens under control. They briefly detained then released eight Germans protesting outside the embassy on Friday after someone threw an egg at the building.

German activist group Schwabingrad Ballet held up placards saying "Greece selloff – not in our name" and "No to this memorandum," a reference to the EU-IMF fiscal adjustment applied in Greece.

Germany has been leading the call for tighter austerity measures in Greece arousing public anger and animosity which has reached unprecedented levels.

Story continues below…

The Local/AFP/mdm

The Local (news@thelocal.de)

Your comments about this article

13:11 February 19, 2012 by Grumpy Old Man
I've heard this before. Which Monday do they mean? Which week?
21:34 February 19, 2012 by raandy
Whats the point, Greece is doomed ,so sink this EU ship to no where and get the European Free Trade agreement up .
09:15 February 20, 2012 by jpl82
When your on a sinking ship it only makes sense to help bail out. No sense in kicking the one doing the hard work over board it's not like that helps plug the hole.
10:35 February 21, 2012 by luckylongshot
This all seems to be about shifting the loss on Greek debt from the Banks that should be paying for it to the taxpayers of Europe who should not. As the earlier comments so correctly point out Greece is doomed to fall out of the Euro. Our politiicians deserve to go to jail for continuing this charade at our expense.
Today's headlines
Ansbach suicide attack
Ansbach suicide bomber confirms Isis loyalty in video
Police remove evidence from the bombers residence. Photo: DPA

The man who blew himself up in Ansbach, Bavaria, on Sunday evening, injuring 12 people, recorded a video in which he pledged his allegiance to terror group Isis.

Top 10 German firms with the highest-paid employees
Photo: DPA

Want to know which companies shell out the most for salaries?

How will Germany change after string of bloody attacks?
A policeman in Ansbach on Sunday evening. Photo: DPA

Within seven days Germany has been hit by four bloody attacks on innocent people on its streets and in a train. What does this unprecedented string of murders mean for the country?

After attacks, minister rejects blanket suspicion of refugees
Thomas de Maiziere. Photo: DPA

Interior Minister Thomas de Maiziere on Monday cautioned Germans against indiscriminately branding all refugees a security threat after a rash of attacks over the last week.

What we know about the Reutlingen machete attack
Police arrest the attacker. Photo: DPA

... and what we don't.

Munich shooting
Police arrest possible accomplice of Munich gunman
Mourners in Munich. Photo: DPA

Authorities in Munich believe that a friend of the teenager who murdered nine people at a Munich shopping centre may have known about his plans.

Ansbach suicide attack
What we know about the Ansbach suicide bomber
The attacker's rucksack. Photo: DPA

He had had his asylum application rejected and had twice attempted suicide, say authorities.

Ansbach suicide attack
Suicide bomber attacks bar in Bavaria
Photo: DPA

A Syrian migrant set off an explosion at a bar in southern Germany that killed himself and wounded a dozen others late Sunday, authorities said, the third attack to hit Bavaria in a week.

 'One dead and two injured' in Germany machete attack
News channel NTV said there were scenes of panic in the city centre following the attack. Photo: DPA

A 21-year-old Syrian asylum-seeker killed a woman and injured two people with a machete Sunday in the southwest German city of Reutlingen in an incident local police said did not bear the hallmarks of a "terrorist attack".

Munich gunman planned attacks for one year: officials
Vigils continue in Munich to commemorate the victims, seven of whom were teenagers. Photo: DPA

The teenage gunman who killed nine people in Munich on Friday had been planning his attack for a year, according to German authorities.

Sponsored Article
Why you should attend an international job fair
DPA
Gallery
IN PICTURES: How Munich responded to shooting spree
Sponsored Article
Avoid hidden fees when sending money overseas
Lifestyle
10 rookie errors all Brits make when they arrive in Germany
National
Bavaria train attack: Were police right to shoot to kill?
Sponsored Article
Why Swiss hospitality graduates are in demand
National
How to get German citizenship (or just stay forever)
Sponsored Article
Five things Americans should know about voting abroad
Technology
Brexit will turn Berlin into 'Europe’s startup capital'
Travel
Six soothing day trips to escape the bustle of Berlin
International
'Germany needs to make UK come to its senses'
Features
Six odd things Germans do in the summer
Sponsored Article
Why expats choose international health insurance
Travel
These 10 little-known German towns are a must see
Features
How two gay dads cut through German red tape to start a family
Sponsored Article
Health insurance for expats in Germany: a quick guide
National
Five things to know about guns in Germany
Sponsored Article
Avoid hidden fees when sending money overseas
Culture
10 things you need to know before attending a German wedding
National
Eight weird habits you'll pick up living in Germany
Lifestyle
Six reasons 'super-cool' Berlin isn't all it's cracked up to be
Sponsored Article
Why Swiss hospitality graduates are in demand
Society
Only one country likes getting naked on the beach more than Germany
Lifestyle
23 ridiculously fascinating things you never knew about Berlin
Sponsored Article
Why you should attend an international job fair
Culture
8 German words that perfectly sum up your 20s
Lifestyle
Can't make it past the door at Berlin's most famous club? Help is at hand
Business & Money
Why Frankfurt could steal London's crown as Europe's finance capital
Features
6 surprising things I learned about Germany while editing The Local
Culture
Five sure-fire ways to impress Germans with your manners
10,742
jobs available
Toytown Germany
Germany's English-speaking crowd