login
login
Image header Agence Europe
Europe Daily Bulletin No. 10097
Contents Publication in full By article 10 / 31
GENERAL NEWS / (eu) eu/eurogroup

Crucial meeting to examine Greek aid package?

Brussels, 12/03/2010 (Agence Europe) - The Eurogroup meeting of eurozone finance ministers on Monday 15 March (starting at 5.00pm) will examine Greece's budget and finance situation, the economic outlook and the situation on the money markets. Some sections of the media are suggesting that agreement may be reached, or a meeting of minds at least, on details of a financial aid package for the country. There has been no official word of this, yet neither has there been any official denial. The chair of Eurogroup, Jean-Claude Juncker, wants to sound out all the eurozone countries' views and it is not yet clear whether he will be announcing anything after Monday's meeting. According to an article in French newspaper Le Monde on Saturday 13 March, two options are on the table. Either a loan facility funded by the EU member states, the granting of which would be coordinated by the European Commission; or a loan facility funded by EU loans backed by various countries. Some EU countries, like the UK and Sweden, suggest that a better option would be funding from the International Monetary Fund (IMF). Germany may well make clear what it thinks about the recently mooted idea of setting up a European Monetary Fund. (L.C./transl.fl)

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
CALENDAR OF EVENTS