Greek Finance Ministers Deny Rumours Of Debt Default

Greek finance minister Vigny Ross (Evangelos Venizelos) denied rumors on Friday that the country would default on its debts, saying that the Greek government is committed to fulfilling the second items reached in July. assistance The terms of the plan.

"This organized Greek debt default rumor is not the first to emerge," Vigny Ross said in an e-mail statement today. This is a vulgar game, an organized guess for the eurozone and the euro as a whole.

Three anonymous officials of the German coalition government revealed earlier today that the government under the leadership of Angela Merkel, the prime minister, is preparing a plan aimed at providing support to the German banking industry when the Greek government fails to meet the conditions of loan aid and default on its debts. Affected by this, the stock market has declined, and the euro has fallen to its lowest level in 6 months against the US dollar (1.3656, -0.0228, -1.64%). The problem for investors is that the Greek government is not fast enough to implement its fiscal tightening plan, which may make it difficult for the European Union and the International Monetary Fund (IMF) to receive sixth installments of the total amount of 110 billion euros ($151 billion) approved last year.

Vigny, Ross expressed this. Greece We are committed to fully implementing the decision of the second aid loan scheme on the total of 159 billion euros (July 21st) at the summit, and are also committed to fulfilling the obligations derived from the institutional partnership agreement.

The Greek government promised earlier this week to expedite the implementation of fiscal policy. Tighten Measures are in exchange for international aid funds, and officials from the European Union and IMF are scheduled to return to Athens next week to review the process of implementing the measures.

In response to a telephone interview today, Petros Christodoulou, director of the Greek public debt administration, said the response of the second participating banks was "very positive". The Greek government hopes that financial institutions holding 90% Greek bonds that expire before 2014 will be able to participate in the aid plan.