Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

Gaza: A Truce At All Costs?

Read more

AFRICA NEWS

Central African Republic: Brazzaville ceasefire talks deliver fragile deal

Read more

FOCUS

Sluggish tourist season in Crimea

Read more

ENCORE!

Bartabas : Mixing Christ with Spanish music and dancing horses

Read more

IN THE PAPERS

Shifts in the propaganda war waged between Israelis and Palestinians

Read more

IN THE PAPERS

French MPs face quandary in pro-Palestinian rallies

Read more

THE INTERVIEW

Yezid Sayigh, Senior Associate at the Carnegie Middle East Center in Beirut

Read more

#TECH 24

Mind the Gender Gap : getting more women into the tech sector

Read more

INSIDE THE AMERICAS

Bolivian children: heading to work aged 10

Read more

  • Wreckage of Algeria plane found in Mali

    Read more

  • Air Algérie crash: 'We should eliminate the missile hypothesis'

    Read more

  • Deadly strike on UN shelter in Gaza Strip

    Read more

  • Pope meets with Sudanese Christian woman sentenced to death for apostasy

    Read more

  • Italy’s Nibali cruises to easy victory in 18th stage of Tour de France

    Read more

  • Iraqi parliament elects moderate Kurd as president

    Read more

  • US, European aviation agencies lift travel restrictions to Tel Aviv

    Read more

  • No end to fighting until Israel ends Gaza blockade, Hamas says

    Read more

  • Two foreign women shot dead in western Afghanistan

    Read more

  • At least 60 killed in attack on prison convoy near Baghdad

    Read more

  • Cycling is ‘winning the war on doping,’ says expert

    Read more

  • Ceasefire agreed for Central African Republic

    Read more

  • Can Jew-kissing-Arab selfie give peace a viral chance?

    Read more

  • Botched Arizona execution takes nearly two hours

    Read more

France

France and Italy say EU ready to enact Greek rescue plan

Video by FRANCE 24

Text by News Wires

Latest update : 2010-04-09

French President Nicolas Sarkozy said after talks with Italian Prime Minister Silvio Berlusconi Friday that the EU is ready to implement its aid plan for Greece. Berlusconi added that the EU had a "responsibility" to support the debt-saddled country.

AFP - The European Union is ready to put in motion its aid plan for Greece "at any time", French President Nicolas Sarkozy said Friday following talks with Italian Prime Minister Silvio Berlusconi.
  
"The Greek authorities have opted for courageous measures to address the situation concerning their public finances," said Sarkozy.
  
"A support plan has been approved by all members of the eurozone. We are ready to activate it at any time to come to Greece's aid," he said at a joint news conference at the Elysee presidential palace.
  
The leaders spoke in Paris as financial markets sent a strong message that they had little faith in the IMF-EU rescue scheme aimed for Greece.
  
Greek bond yields jumped to more than 7.5 percent, the highest readings since the country joined the euro in 2001, the stock exchange in Athens plunged 5.0 percent and the euro fell further against the dollar.
  
"Greece is part of the eurozone. We have a responsibility to support Greece and without this, there will be a negative impact on the euro and the eurozone," warned Berlusconi.
  
Sarkozy said it was up to Greece and its eurozone partners to decide whether the time had come to act, based on a recommendation from the European Central Bank and the European Commission.
  
Greece has to find around 11.5 billion euros by next month to cover its debts, and markets remain sceptical over whether it will be able to achieve massive budget cutbacks imposed by the EU.
  
EU president Herman van Rompuy told major European dailies Friday that the European Union was ready to intervene alongside the IMF if Greece asks for help dealing with its debt crisis.

Italy's foreign minister Franco Frattini on nuclear cooperation with France


  

Date created : 2010-04-09

  • ECONOMY

    Greek turmoil puts pressure on markets as loan costs soar

    Read more

  • EUROPEAN UNION

    Eurozone leaders agree on rescue package for Greece

    Read more

COMMENT(S)