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Eurozone finance ministers Ok $64 billion Greek bailout package deal

by admin on December 16, 2012

Rescue Package deal Greece

Eurozone finance ministers Ok billion Greek bailout package deal
rescue bundle greece
Net – Eurozone finance ministers accredited a 49.one billion-euro ($ 64 billion) rescue bundle for Greece at their meeting on Thursday, December 13, to keep Athens&#39 debt-saddled economy afloat, RIA Novosti reported. Of these funds, 34.three billion euros will …

Olli Rehn: EU rescue package deal for Greece ‘unprecedented’

Olli Rehn, European Commissioner in charge of economic and monetary affairs, on Sunday stated that the scope of the Greek government’s austerity package deal as nicely as the EU and IMG support package are “unprecedented.” Speaking at a press conference immediately after a extraordinary meeting of EU finance ministers in Brussels, Rehn stated that the Commission “strongly supports” the measures taken by the Greek government. “The Commission strongly supports the economic programme of fiscal consolidation and structural reforms announced today by the government of Greece on the basis of our agreement final evening,” said Rehn. “The actions being taken, whilst challenging are needed to restore confidence in the Greek economic system and to secure a far better long term for the Greek people. This programme is unprecedented, in the scope of the national hard work essential as well as in the scale of the fiscal support 110 billion euros being offered by the Euro are nations and the IMF together.”
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