EU prepared to help Greece with debt crisis
The European Union (EU) said Thursday it was prepared to help Greece with its debt crisis by reducing Greek co-financing for EU development aid to 15 percent.
Friday, 24.06.2011.
12:48
The European Union (EU) said Thursday it was prepared to help Greece with its debt crisis by reducing Greek co-financing for EU development aid to 15 percent. European Commission (EC) President Jose Manuel Barroso made the announcement at an EU summit in Brussels on Thursday. EU prepared to help Greece with debt crisis The EC has urged EU member states' leaders to help Greece access EU development funds worth billions of euros in order to create jobs and make its businesses more competitive. European Union leaders have, on the other hand, called on the Greek government to show resolve in implementing the financial reforms necessary to get a new installment of bailout money and pointedly urged all political parties in Greece to show their support. The EU leaders said in a statement the comprehensive package of reforms, which has drawn the ire of many Greeks, "must be finalized as a matter of urgency in the coming days" for the new funds to be disbursed. Greece should get a EUR 12bn loan in the beginning of July, which is a part of the EU and the International Monetary Fund (IMF) bail-out package worth EUR 110bn. (Beta)
EU prepared to help Greece with debt crisis
The EC has urged EU member states' leaders to help Greece access EU development funds worth billions of euros in order to create jobs and make its businesses more competitive.European Union leaders have, on the other hand, called on the Greek government to show resolve in implementing the financial reforms necessary to get a new installment of bailout money and pointedly urged all political parties in Greece to show their support.
The EU leaders said in a statement the comprehensive package of reforms, which has drawn the ire of many Greeks, "must be finalized as a matter of urgency in the coming days" for the new funds to be disbursed.
Greece should get a EUR 12bn loan in the beginning of July, which is a part of the EU and the International Monetary Fund (IMF) bail-out package worth EUR 110bn.
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