The European Union is considering extending the aid program for Greece, German Chancellor Angela Merkel said.
Asked if Germany was considering lower interest rates for Greek aid, Merkel said that the Irish aid program will last for seven years and the Greek program only three years.
It’s “certainly being discussed” to extend the Greek bailout program, though that would have to be part of the broader package under discussion for the Brussels summit on fighting the soveriegn debt crisis, Merkel told reporters in Berlin today after talks with Greek Prime Minister George Papandreou.
“It’s one issue that’s on the table,” she said, emphasizing that no decision has been made.
© Copyright 2017 Bloomberg News. All rights reserved.