Bonds News

Greek official: 80 bln euros "logical" aid amount for next 3 yrs

ATHENS, Apr 11 (Reuters) - It would be logical that the EU/IMF aid for Greece amounts to some 80 billion euros ($107 billion) over the next three years if the mechanism is triggered, a senior finance ministry official said on Sunday.

The senior offical said aid this year would amount to at least 30 billion euros from the euro zone and at least 10 billion from the IMF.

“40 billions for 2010 is part of a bigger amount for the three-year period. A logical amount for the three-year period would be double than 40 billion,” the official told reporters.

The official added: “We will monitor the markets in the coming days and, depending on how the spreads move, we will decide whether to request the aid mechanism.”

He reiterated that Greece still aimed at being able to raise money from markets. (Reporting by Lefteris Papadimas; Writing by Ingrid Melander; Editing by Mike Nesbit)