On the occasion of his visit to Athens on August 21, Jörg Asmussen, the German representative on the board of the European Central Bank (ECB), presented the Greek government with a new aid package to come from the European Union’s structural funds programme.

The package, writes Ta Nea will extend increased EU participation in regional development projects, which is currently set at 95 per cent, until 2015.

The Eurozone will also provide the country with support by cutting the rate of interest on loans occasioned by the 2010 bailout.

Adopting the same line as the German government, Asmussen declared that discussions on a possible third bailout for Athens would not begin before the spring of 2014.