Greece Seeks EU31 Bln of Eurogroup Aid, To Vima Says

(Corrects time of Eurogroup meeting in first paragraph.)

A new Greek finance minister will need to secure financing of as much as 31 billion euros ($39 billion) at a meeting of euro-area finance ministers in Luxembourg this week, To Vima reported, without saying how it got the information.

Greece will ask for payment of the remaining 1 billion euros of the country’s latest loan tranche, withheld in May, and push to secure 25 billion euros needed for the bank recapitalization plan, the newspaper said.

This will give Greece enough cash to cover its financing needs through the end of July and give it time for talks with the European Union, the European Central Bank and the International Monetary Fund to secure a further 5 billion euros of funding, To Vima said.

Giorgios Zanias, the finance minister in the caretaker government, is likely to accompany the new finance minister to Luxembourg for the talks, the newspaper said.

To contact the reporter on this story: Eleni Chrepa in Athens at echrepa@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.