Merkel Says Bail-Out For Greece Rests with IMF

After formally requesting financial aid, German Chancellor Angela Merkel said that it is up to the IMF to determine what action should be taken to help Greece. Merkel underlined that any assistance would be tied to “very strict conditions,” including a viable savings plan drawn up in talks between Greece and the IMF and the approval of the European Commission, the European Central Bank, and the IMF.

“Only when these two steps have been completed, can we talk about concrete assistance, including what kind of aid and how much,” she said in the German capital, underscoring that it is not possible at this point to say how much Germany would provide for Greece.

Source: Associated Press

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