The European Union is willing to consider additional aid for Greece, although this depends on the country's execution of reforms in line with agreements reached for the current bailout package, an EU commission spokesman said Wednesday.
"We are ready to discuss further ways to support Greece, provided of course the Greek government fully implements the program," a spokesman for the EU economic and monetary affairs commissioner Olli Rehn told Dow Jones Newswires.
German newspaper Frankfurter Allgemeine Zeitung reported that a new EUR60-70 billion Greek aid plan was taking shape, without citing sources.
The spokesman declined to comment on the newspaper's report that the European Financial Stability Facility would provide the European part of a new EU-IMF bailout program for Greece.
Eurogroup President Jean-Claude Juncker said last week Greece might be denied the next tranche of current financial aid if an audit of its budget accounting shows that the country cannot guarantee financing for the next 12 months.
The so-called Troika of the ECB, IMF and European Commission is due to report back from Athens later this week on Greece's compliance with previously agreed fiscal and budgetary targets.
Dow Jones
