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German Govt: Haven't Given Up Plan Of Substantl PSI In Greece
BERLIN (MNI) - The German government on Friday reaffirmed that it still insists on a substantial private sector involvement (PSI) in the planned new fiscal aid package for Greece.
"It is our firm belief that [the new aid Greek aid package] will include a participation of private creditors," government spokesman Steffen Seibert said at a regular press conference.
Finance ministry spokesman Martin Kotthaus also said at the press conference that Germany had not given up its demand of a substantial private sector involvement, thereby denying a newspaper report from Thursday.
German business daily Handelsblatt reported yesterday that the German government had given up on its goal of having the private sector contribute some E30 billion to the new fiscal aid package for Greece.
Commenting on the chances for an extraordinary summit of EU leaders on Greece, Seibert said such a summit would only make sense once Eurozone finance ministers have agreed on the next aid package for Greece.
Regarding Italy's recently adopted budget consolidation package, Kotthaus said the finance ministry believes that financial markets will like the plan.
On the U.S. quarrels about raising the country's debt limit, Seibert said the German government is confident that a compromise will be reached, "and we hope soon."
BERLIN (MNI) - The German government on Friday reaffirmed that it still insists on a substantial private sector involvement (PSI) in the planned new fiscal aid package for Greece.
"It is our firm belief that [the new aid Greek aid package] will include a participation of private creditors," government spokesman Steffen Seibert said at a regular press conference.
Finance ministry spokesman Martin Kotthaus also said at the press conference that Germany had not given up its demand of a substantial private sector involvement, thereby denying a newspaper report from Thursday.
German business daily Handelsblatt reported yesterday that the German government had given up on its goal of having the private sector contribute some E30 billion to the new fiscal aid package for Greece.
Commenting on the chances for an extraordinary summit of EU leaders on Greece, Seibert said such a summit would only make sense once Eurozone finance ministers have agreed on the next aid package for Greece.
Regarding Italy's recently adopted budget consolidation package, Kotthaus said the finance ministry believes that financial markets will like the plan.
On the U.S. quarrels about raising the country's debt limit, Seibert said the German government is confident that a compromise will be reached, "and we hope soon."