Austria Finmin says Greek tactics are slowing aid take-up -radio

VIENNA, April 22 (BestGrowthStock) – Political tactics being used by
the Greek government are preventing the debt-laden country from
taking up the aid package it desperately needs from the euro
zone, Austrian Finance Minister Josef Proell told national radio
on Thursday.

“The Greeks must put their cards on the table now and say
how much exactly (they need) and when,” Proell told Austrian
broadcaster ORF, referring to when Greece would activate an aid
package worth up to 30 billion euros ($40.3 billion) agreed by
euro zone governments this month. Including aid from the
International Monetary Fund as well, Greece could access aid
worth 45 billion euros initially.

“The problem obviously is that even in the national
government tactics are being used in that it is not prepared to
accept certain conditions,” Proell said, without elaborating.

“Now it’s up to Greece and they haven’t responded yet,
although the markets are giving Greece very clear signals that a
lot of time has passed and the time for action is now,” he said.

Proell said he had no reason to doubt the aid would be
provided, so long as Greece respects all the conditions
attached.

“Assistance has been offered. It can be called upon at
anytime,” he said.

Athens began talks on Wednesday to hammer out details of a
potential three-year European and International Monetary Fund
emergency loan package. Greek debt costs soared, however, as
markets worried about a lack of clarity over whether funds would
come in time and remained unconvinced that Athens can slash its
budget deficit and avoid default.

On Thursday, EU data showed Greece’s budget deficit last
year was much larger than initially expected and could be
revised further. [ID:nLDE63L0OH]

“In my opinion Greece has to put the facts on the table and
accept that obviously for the aid that the IMF and Europe are
ready to give it must comply with certain rules,” Proell said.

He also said that he did not believe other euro zone
countries would need to be bailed out in a similar manner to
Greece.

“Apart from this there is no cause to think of or organise
aid for other states, the focus is on Greece.”
Stocks

(Reporting by Fiona Flanagan; Editing by Susan Fenton)

Austria Finmin says Greek tactics are slowing aid take-up -radio