German EU commissioner: Greece may get future aid package of around $13.36 billion
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Germany's commissioner to the European Union says he expects a future aid package for Greece to amount to a little more than 10 billion euros ($13.36 billion) — which is much smaller than the country's existing two rescue deals.
Guenther Oettinger, the EU's energy commissioner and a member of Chancellor Angela Merkel's ruling conservative party, said Saturday the third aid package should cover the years 2014-2016.
In two bailout packages so far, Greece's European partners and the International Monetary Fund have committed 240 billion euros ($320 billion) in loans. This week, German Finance Minister Wolfgang Schaeuble said there will have to be another aid program after the current one expires next year.
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Oettinger's comments to weekly Welt am Sonntag came four weeks before Germany's general elections on Sept. 22.