Belgian FinMin: Urgent measures to avoid a "Lehman Bros. 2"
10. October 2011. | 10:18 13:50
Source: ANA
Reynders noted that the EU must support Greece in order for a "Lehmann Brothers No. 2"to be avoided, adding that "Europe must urgently implement measures decided on July 21 and to accelerate actions for Greece, especially a long-delayed privatisation programme.
"Europe's aim should not be for Greece to die healed," Belgian Finance Minister Didier Reynders was quoted as saying in an interview appearing in an Athens weekly paper.
Reynders noted that the EU must support Greece in order for a "Lehmann Brothers No. 2"to be avoided, adding that "Europe must urgently implement measures decided on July 21 and to accelerate actions for Greece, especially a long-delayed privatisation programme.
Regarding the French-Belgian bank Dexia, he said cooperation between the central bankers of the two countries is underway to take necessary measures for depositors and creditors.
FinMin-troika meeting completed
A morning meeting between Greek finance minister Evangelos Venizelos and the European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF) 'troika' chiefs was wound about at about 2:00 on Monday.
The talks focused on the 2013 and 2014 budgets and its provisions which, according to the troika, should bring in revenues to the state of at least six billion euros, in order for the Greek deficit to be contained below three percent of GDP.
Discussion of outstanding issues concerning the 2011-2012 budgets was completed between the two sides during a meeting on Sunday.
A meeting between the leadership of the finance ministry and representatives of the EC-ECB-IMF "troika" over "outstanding" issues related to the Memorandum was concluded on Sunday evening in Athens, with a major portion of discussions reportedly dealing with the budgets of 2013 and 2014.
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