Representatives of the eurozone countries will decide on a new loan to Greece as late as in the first half of September, Finance Minister Ivan Mikloš told journalists on July 4, the TASR newswire reported, and the decision will be postponed from the planned date on July 11.
"The talks on the volume and structure vis-a-vis the participation of the private sector haven't been concluded yet," said Mikloš.
Eurozone members agreed to postpone the date during a conference telephone call on July 2. The talks on the participation of the private sector should be concluded by August 20, Mikloš said, as reported by TASR, adding that a memorandum on understanding must also be prepared.
The Slovak minister earlier indicated that he will push for six conditions. Apart from the participation of the private sector to a volume of at least €30 billion, there must be a guarantee that Slovakia will see its loan repaid. The other conditions are: privatisation of Greece's national property, the agreement of Greek political parties on meeting the country's financial obligations, the participation of the International Monetary Fund in the loan, and an analysis of the likelihood of recovery of the debt.
Compiled by Zuzana Vilikovská from press reports
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5. Jul 2011 at 10:00