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August 18, 2022

BNR might contribute EUR 629 M to Greece’ revival

The National Bank of Romania (BNR) might have to contribute EUR 629 M to the plan of the European Central Bank (ECB) of EUR 25 to rescue Greece, according to Antena3.ro. In keeping with “Der Spiegel,” the Finance Ministry from Germany has prepared a plan through which the member states from the Euro zone would offer Greece foreign aids of EUR 20-25 bln. The contribution of each country to the supportive package will be calculated subject to the participation that they have in the capital of the European Central Bank. Thus, the National Bank of Romania (BNR) will have to put EUR 629 M at the disposal of the plan of the European Central Bank. “BNR did not have so far discussions with the ECB officials regarding the aid that Romania will have to grant to Greece. But if ECB requests our help, we’ll grant it because usually ECB’s decisions are not optional,” Adrian Vasilescu, adviser to BNR governor, declared for ‘Cotidianul.’ BNR’s participation to ECB’s capital is 2.5188 per cent.

EU officials: No Euro zone aid plan for Greece

The European Union executive denied on Monday a German magazine report that the euro zone could provide aid to Greece of 20-25 billion euros, saying no such plan existed. “I have no comment on such a plan that does not exist and is denied even by the alleged source of it,” European Commission spokesman Amadeu Altafaj told a news briefing, Reuters informs. German weekly Der Spiegel said on Saturday that the German finance ministry had sketched out a plan in which countries using the euro currency would provide aid worth between 20 billion and 25 billion euros for Greece. The magazine said the share of financial aid would be calculated according to the proportion of capital each country holds in the European Central Bank and that the assistance should take the form of loans and guarantees.

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