Greece is preparing to announce fresh austerity measures and a critical bond issue this week, amid further signs that the EU is crafting a multi-billion-euro plan to help the country fund its borrowing if necessary. Athens is planning to unveil the extra measures as early as Monday following a visit by Olli Rehn, European commissioner for economic and monetary affairs. The FT reported on Saturday that top German banks are considering buying Greek debt backed by guarantees from state-owned KfW development bank.

This entry was posted by Gwen Robinson on Monday, March 1st, 2010 at 5:02 and is featured in The 6am Cut London (1 Mar 2010) . Tagged with Greece, KfW. Edit this entry.