Dáil Éireann Debate, Tuesday - 19 July 2011
106 Deputy Dessie Ellis asked the Minister for Finance the scale of private-sector involvement in the voluntary roll-over of existing Greek debt at maturity; the additional funding from official sources that will be made available to Greece; and if he will make a statement on the matter. [20995/11]
View answerOn 23-24 June, euro area Heads of State or Government agreed that the private sector would be involved in the financing of a new programme of assistance for Greece. However, the modalities of such private sector involvement — such as the form that private sector involvement will take as well as its scale — have not yet been finalised. In these circumstances, it is not possible to accurately assess the level of official financing needs.
Euro area Heads of State or Government will meet on Thursday of this week to discuss matters further. Additional information regarding the scale and form of private sector involvement is expected to become available at that stage.
