UPDATE 1-Germany does not see Greece tapping aid by mid-May

* FinMin says Greece not having trouble tapping bond mkt now

* Says parliament could approve Greece aid quickly

* Sees good chance of bank levy accord, at least in Europe

(Adds quotes, background)

By Brian Rohan and Paul Carrel

BERLIN, April 22 (BestGrowthStock) – German Finance Minister
Wolfgang Schaeuble said on Thursday he did not expect Greece to
try and tap a European and International Monetary Fund (IMF) aid
package by mid-May.

Ask if Greece would call on the aid by then, Schaeuble told
Deutschlandfunk radio: “I tend not to think so. Greece hasn’t
any problems securing the necessary financing on bond markets
this week.

“Preparing for the worst case does not mean it occurs, but
rather that one tries to avoid it,” he said.

Polls show Germans are strongly opposed to a bailout for
Greece. Facing a key state election on May 9, Chancellor Angela
Merkel has been reluctant to pledge any aid in the run-up to the

Germany’s main opposition party threatened on Wednesday to
block government plans to fast-track parliamentary approval of
aid for debt-ravaged Greece, a move which could end up delaying
a critical bailout for weeks. [ID:nLDE63K1JA]

If Germany acquiesced immediately after the election, that
would leave a small window to secure parliament’s approval
before a key trigger event in Greece’s struggle to manage its
debt — the May 19 refinancing of an 8.5 billion euro bond.

Schaeuble said Germany had shown it could get the necessary
parliamentary approval quickly if needed.

“In the past, with other cases we have shown over and over
that our parliament — if there is such a need — has been able
to act quickly,” he said.

A euro zone source said on Wednesday that euro zone finance
ministers would check at their regular meeting on May 17 in
Brussels whether all member states were ready to provide
emergency loans to Greece.

Greece started talks to hammer out details of a potential
European and IMF aid deal on Wednesday but increasingly
impatient investors dumped Greek assets. [ID:nLDE63K0CE]

Asked why investors were losing more confidence in Greece,
Schaeuble said: “Because there is still speculation on whether
this really works but you saw how the markets calmed down after
the decision by finance ministers on the Sunday (before last).

“The markets calmed right down. They are up and down every
day and so we are not taking part in speculation,” he said.

Schaeuble said Greece’s budget savings programme for this
year was “extraordinarily ambitious … If it is implemented it
is sufficient.”

“Now the checks that began yesterday are looking at the
question of ‘what must Greece do in 2011 and 2012?’.

“And if Greece accomplishes a similarly convincing
programme, then that together with the statement from the IMF
and the Eurogroup that we are protecting Greece from speculative
exaggerations — that will have an effect on the markets.”

Turning to a possible bank levy to fund bank bailouts,
Schaeuble saw a good chance of an international agreement.

“In any case we will do it in Europe, and America will enact
a corresponding regulation, there is no doubt of that,” he said.

“But it would be even better if we could agree globally.
Whether all partners from the G20, including India, China,
Brazil, and the emerging countries get involved, that is a
second question.”
Stock Market Investing

(Editing by Mike Peacock)

UPDATE 1-Germany does not see Greece tapping aid by mid-May