Greece: Merkel supports creation of development bank

In cooperation with German government's KfW

22 November, 16:44

    (ANSAmed) - BERLIN, NOVEMBER 22 - German chancellor Angela Merkel said in a meeting with Greece's prime minister, Antonis Samaras, in Berlin on Friday that Germany would continue to support Greece. One of the measures to be introduced is a bank for local development supported by the German Development Bank KfW.

    ''We are at a good point,'' in talks on this issue, said Merkel. The Institute for Growth will receive an initial 500,000 euros in funding, ''100,00 of which from the KfW,'' said Samaras, noting that it would help to ''bolster the economy and support Greek SMEs in a period in which liquidity is absolutely necessary''. (ANSAmed).

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