European Finance Ministers will make their last efforts on Monday in Brussels to overcome dissidences about the technicalities of the increase of European Financial Stability Facility to €440mn, along with the conditions that the Fund may buy government bonds.
Commissioners had been working for two days on the same issue, but it remained unknown if they managed to remove the obstructions.
Diplomatic sources in Brussels told Capital.gr that the decision on the purchase of government bonds by EFSF might be postponed for the European Summit in June, if European leaders do not reach to an agreement next Thursday.
It is a critical point for Greece, as Finance Minister said that the country may tap the EFSF if the market is not open before 2012.
Ministry sources told Capital.gr that the decrease of interest rate by 1% and the lengthening of repayment period by 7.5 years reduced debt service repayment to €40-42bn from €76-82bn in the critical period 2013-2015.
Commissioners had been working for two days on the same issue, but it remained unknown if they managed to remove the obstructions.
Diplomatic sources in Brussels told Capital.gr that the decision on the purchase of government bonds by EFSF might be postponed for the European Summit in June, if European leaders do not reach to an agreement next Thursday.
It is a critical point for Greece, as Finance Minister said that the country may tap the EFSF if the market is not open before 2012.
Ministry sources told Capital.gr that the decrease of interest rate by 1% and the lengthening of repayment period by 7.5 years reduced debt service repayment to €40-42bn from €76-82bn in the critical period 2013-2015.
source: CAPITAL
