| Author (Person) | Pignal, Stanley |
|---|---|
| Series Title | Financial Times |
| Series Details | 12.4.10 |
| Publication Date | 12/04/2010 |
| Content Type | News |
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Article reports that Eurozone members made a commitment following a teleconference of Eurozone Finance Ministers on the 11 April 2010 to providing up to €30bn in loans to Greece over the next year to help stave off a debt crisis that has unsettled financial markets and posed the most serious challenge to the euro in its history. The funds would be supplemented by contributions from the International Monetary Fund that could yield an additional €15bn. European officials presented the three-year package as the detailed commitment that financial markets had been demanding after a series of vague communiqués failed to ease the crisis. In Athens, George Papaconstantinou, Greek Finance Minister, made clear that the government had not yet asked for the money, and expressed confidence that the very existence of the package would allow his country to access debt markets at sustainable rates. |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe, Greece |
