“Germany and France agree to rescue Greece, with conditions”

February 28th, 2010 | Posted in Finance | Author: Editor

“Sources close to the German finance ministry said Germany’s state-owned KfW bank will buy Greek bonds or provide guarantees to other banks to buy them. France’s state-owned Caisse des Depots will also be involved in the aid package, according to Greek newspaper Ta Nea. The debt sale under consideration is thought to be between €20bn and €30bn. About half will be sold to France and Germany and half to debt investors”

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