Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Ebola in Nigeria: First death outside of Lagos

Read more

AFRICA NEWS

Niger : Top Oppostion figure to be questioned in baby trafficking scandal

Read more

AFRICA NEWS

Liberia: President dismisses top officials who ignored call back

Read more

MEDIAWATCH

The deleted tweets of Manuel Valls

Read more

DEBATE

How to Stop Ebola: WHO Says Cases Could Exceed 20,000 (part 2)

Read more

DEBATE

How to Stop Ebola: WHO Says Cases Could Exceed 20,000

Read more

WEB NEWS

'Ice Bucket Challenge' angers anti-abortion activists

Read more

#TECH 24

Tomorrow's Transport Today

Read more

FOCUS

Mothers and children leaving Honduras at all costs

Read more

  • West backs Ukrainian claims of Russian incursion

    Read more

  • Obama has 'no strategy yet' on potential Syria strikes

    Read more

  • Mapping Ukraine: Canada and Russia in ‘tweet for tat’ row

    Read more

  • French businesses ‘hoping for a new Thatcher’

    Read more

  • UN says 43 peacekeepers captured in Golan Heights

    Read more

  • The deleted tweets of Manuel Valls

    Read more

  • Peru seizes record 6.5 tonnes of Europe-bound cocaine

    Read more

  • Pakistan army to mediate between PM, protesters

    Read more

  • PSG face Barcelona, Ajax in tough Champions League draw

    Read more

  • In pictures: Billions of locusts invade Madagascan capital

    Read more

  • Brad Pitt and Angelina Jolie say ‘I do’ in France

    Read more

  • Erdogan sworn in as Turkey's president

    Read more

  • Assad cannot be partner in fight against terrorism, says Hollande

    Read more

  • New Ebola case in Nigeria brings death toll to 1,552

    Read more

  • Video: 'Neither Baghdad nor the US can defeat the Islamic State'

    Read more

  • Platini will not run against Blatter for FIFA presidency

    Read more

  • Air France pilots announce week-long strike in September

    Read more

  • New French economy minister takes swipe at 35-hour work week

    Read more

  • Air France suspends flights to Ebola-stricken Sierra Leone

    Read more

Europe

Finance ministers to announce amounts of emergency loans to Greece

Video by By France 24

Text by News Wires

Latest update : 2010-05-01

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. 

"Normally the council (of finance ministers) has to decide on the activation of the mechanism for Greece. The Eurogroup can very well take the decision informally, but then it has to be formalised by any other council formation," said Juncker's spokesman Guy Schuller.
 
"If some or all of the heads of state and government think it is still necessary to intervene, then it is up to them to do so, but I don't think that will happen," he said.
 
"Normally, on Sunday evening there will be the official decision, then to be formalised by any other council meeting," he said.
 
Asked if the ministers would announce the total amout of loans that Greece can count on from the euro zone and the International Monetary Fund until 2012, Schuller said:
 
"The Commission, the ECB, the IMF and the Greek government will present the whole programme on Sunday morning in Athens and ... the Eurogroup will come up with definite figures, of course."
 
The European Commission, the European Central Bank and the International Monetary Fund are finalising talks with the Greek government on a multiannual austerity package that would unlock emergency loans expected to amount to more than 100 billion euros ($133.2 billion) until 2012.

 

Date created : 2010-04-30

  • GREECE

    EU's Barroso confident that bailout will allow Athens debt crisis to be contained

    Read more

  • GREEK DEBT CRISIS

    Greece urged to make further cuts in return for rescue deal

    Read more

  • GREEK DEBT CRISIS

    France is 'fully determined' to help Greece

    Read more

COMMENT(S)