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Merkel Sees No Need to Plan for Greek Bridge Loan

German Chancellor Angela Merkel said she doesn’t see any need for interim financing for Greece because she expects the country to complete talks for a debt swap on schedule.

“The question of a bridge loan isn’t on my agenda,” Merkel told reporters in Berlin today. It’s “high time to work on the new Greece program,” and the outcome of talks involving European officials and the International Monetary Fund will be known “very soon.”

“I expect that the negotiations with the private creditors and the new Greece program can be completed simultaneously and soon enough that no new bridge loan whatsoever will be needed,” Merkel said in response to a reporter’s question at a news conference with Belgian Prime Minister Elio di Rupo after the two leaders met in Berlin.

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