Eurozone finance ministers on Sunday will announce how much Greece will receive in emergency loans to help stave off defaulting on its debt. Estimates so far put the critical bailout package as high as €100 billion to 2012.
REUTERS - Euro zone finance ministers will announce on Sunday a figure for emergency loans for Greece until 2012 and their decision is unlikely to need further endorsement by European leaders, a spokesman for the chairman of the meeting said.
Meetings of euro zone finance ministers, the Eurogroup, are informal and are chaired by Luxembourg Prime Minister Jean-Claude Juncker. But their decisions can be made formal by any other gathering of European Union ministers.
Date created : 2010-04-30