German government to rally employers to help Greece

23rd July 2011, Comments 0 comments

German Economy Minister Philipp Roesler will meet with officials from the country's main employer federations on Wednesday to encourage them to lend a hand in Greece, a ministry spokesman said.

Chancellor Angela Merkel said on Friday she had asked Roesler, who is also vice chancellor, "to speak with businesses about what can be done" to help Greece as it launches a major privatisation drive to reduce its massive debt.

Business daily Handelsblatt also reported that the minister had developed a 16-point plan billed as an "offensive for investment and growth in Greece" outlining opportunities for German firms and institutions.

Last year, German exports to Greece represented only 0.6 percent of the total while imports from Greece amounted to just 0.2 percent.

Germany is the biggest single contributor to the Greek rescue.

Eurozone leaders and private creditors agreed on a new 159-billion-euro ($229-billion) bailout for Greece on Thursday.

© 2011 AFP

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