Schaeuble Suggests 5-Yr Grexit, Humanitarian Support, FAS Says
2015-07-11 16:35:24.108 GMT
By Paul Verschuur
(Bloomberg) -- Alternative to time-limited ‘Grexit’ would
be for Greece to transfer EU50b worth of assets to a fund which
would then sell them off to help pay down Greek debt,
Frankfurter Allgemeine SonntagsZeitung says, citing a Finance
Ministry position paper.
* If Greece left Eurozone for a limited time, it would remain
in the EU and get “growth-supporting, humanitarian and
technical assistance:” FAS
* Paper submitted to euro countries says Greek proposal
“lacks important areas of reform to modernize the country
and promote economic growth and sustainable development over
the long term”: FAS
* NOTE: European Hardliners Call Greece Trust Deficit Hurdle
to Deal
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To contact the reporter on this story:
Paul Verschuur in Zurich at +41-44-224-4103 or
pverschuur@bloomberg.net
To contact the editors responsible for this story:
Mariajose Vera at +49-89-244478-803 or
mvera1@bloomberg.net
Katharina Rosskopf
2015-07-11 16:35:24.108 GMT
By Paul Verschuur
(Bloomberg) -- Alternative to time-limited ‘Grexit’ would
be for Greece to transfer EU50b worth of assets to a fund which
would then sell them off to help pay down Greek debt,
Frankfurter Allgemeine SonntagsZeitung says, citing a Finance
Ministry position paper.
* If Greece left Eurozone for a limited time, it would remain
in the EU and get “growth-supporting, humanitarian and
technical assistance:” FAS
* Paper submitted to euro countries says Greek proposal
“lacks important areas of reform to modernize the country
and promote economic growth and sustainable development over
the long term”: FAS
* NOTE: European Hardliners Call Greece Trust Deficit Hurdle
to Deal
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Paul Verschuur in Zurich at +41-44-224-4103 or
pverschuur@bloomberg.net
To contact the editors responsible for this story:
Mariajose Vera at +49-89-244478-803 or
mvera1@bloomberg.net
Katharina Rosskopf