IMF sees Greek aid worth €100-120 billion: German MPs

A eurozone IMF aid package for Greece will be worth €100 to120 billion over three years, according to IMF managing director Dominique Strauss-Kahn, opposition members of Germany's parliament said after meeting him.                                           

Juergen Trittin, a parliamentary leader for the Greens, told reporters on Wednesday that German lawmakers were told Greece should be taken off financial markets for three years.          
 

"The package will run over three years," Trittin said in Berlin. "Greece should be removed de facto from financial markets for three years."                                           

A senior member of the opposition Social Democrats (SPD) also confirmed details of the plan.                                           

The International Monetary Fund and the European Central Bank rejected a demand from some German lawmakers that banks be included in a rescue package for Greece, said a member of chancellor Angela Merkel's Christian Democrats (CDU).            

Norbert Barthle, the budget policy spokesman in parliament for the CDU, said after a meeting with ECB president Jean-Claude Trichet and IMF managing director Dominique Strauss-Kahn that the IMF and ECB had opposed including the banks in the rescue.                                            

Thomas Oppermann, a senior SPD parliamentary leader, said the IMF had cited a figure of 120 billion euros over three years. He told reporters that euro member states would be subordinate creditors, according to the aid plan.                                            
 

"That way it's clear Germany's involvement in the Greek rescue will not be less than €25 billion," Oppermann said.                       
 

Oppermann added that there would be no automatic stamp of approval for aid from the Bundestag, Germany's lower house of parliament.