Eurozone authorities are preparing a broad, multiple-nation bailout package including a modified program for Greece, a second bailout for Spain and an initial program for Cyprus, Germany΄s Financial Times Deutschland reported over the weekend, citing Eurozone sources.
Fresh support measures for the three countries could be negotiated and presented to national parliaments as a package by November at the latest, MNI reported citing the newspaper.
A joint package is aimed at breaking resistance against additional concessions to Greece – particularly among German parliamentarians – by presenting a broad solution that could represent a breakthrough in the debt crisis, the paper said. Initially, decisions were scheduled to be taken in October. According to the report, however, Berlin is putting the brakes on closing aid-related deal at the next EU summit in mid-October.
Inspectors from the International Monetary Fund, the European Central Bank and the European Commission – the so-called “Troika” – will not have concluded their report on Greece by the next Eurozone finance ministers΄ meeting on Oct. 8, the paper said.
(Source: FTD, MNI, Capital)
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