By Corina
Ruhe Mar 31, 2014 12:42 AM GMT+0300
Bloomberg
Dutch
Finance Minister Jeroen Dijsselbloem said Greece ’s international creditors
will decide after the summer on possible further aid, including extending the
maturity of existing loans.
“After the
summer we will review everything,” he said. If Greece fulfills the requirements
set by its international creditors, including a primary budget surplus, and
debt sustainability remains a problem, “we are prepared to do more,” he said.
“What is
more? A number of examples have been given, including longer maturities or a
further reduction of the interest rate,” he said. “But it also depends on how
economic growth evolves.”
Dijsselbloem
said he’s hopeful that euro-area finance ministers can reach a positive
decision on the next aid payments to Greece
at a meeting in Athens
on April 1.
“A bit more
than 8 billion euros is now foreseen,” Dijsselbloem said. “I don’t know yet.
The troika will also advise on the amount needed.”
Dijsselbloem
said Greece ’s
return to the markets is a wise decision.
“But you
must also be able to manage expectations,” he said. “So it starts carefully. Portugal is
doing the same, slowly. Ireland
as well. Slowly you issue bonds. First short term and then gradually longer
term,” he said. “I think it’s good they start this year.”
To contact
the reporter on this story: Corina Ruhe in Nicosia at cruhe@bloomberg.net
To contact
the editor responsible for this story: Patrick Henry at phenry8@bloomberg.net
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