Don't miss

Replay


LATEST SHOWS

ENCORE!

The Little Prince on the big screen

Read more

EYE ON AFRICA

At least 3 dead in grenade attack in Bujumbura

Read more

MEDIAWATCH

Inequality, sexism and the movie industry

Read more

ENCORE!

Sienna Miller on motherhood, her new movies and Cannes glamour

Read more

THE WORLD THIS WEEK

After the Fall of Ramadi, Palmyra: Did the West Underestimate the Jihadists?

Read more

THE WORLD THIS WEEK

Migrants and Immigrants: A Global Crisis

Read more

FRANCE IN FOCUS

Behind the scenes of French gastronomy

Read more

EYE ON AFRICA

Protests continue in Burundi as calls mount for election delay

Read more

EYE ON AFRICA

Burundi: Nkurunziza delays parliamentary polls as clashes continue

Read more

France

French lawmakers approve Greece rescue package

Video by Oliver FARRY

Text by News Wires

Latest update : 2010-05-04

The French parliament has approved a 16.8 billion euros financial aid package to help Greece overcome its massive debt crisis. France is the second biggest contributor to the 110-billion-euro aid package after Germany.

AFP - French lawmakers approved early Tuesday 16.8 billion euros (22 billion dollars) of financial aid for Greece, France's share of a vast eurozone bailout to save Athens from a debt default.

Q&A: The Greek crisis explained

The ruling right-wing UMP and the opposition Socialist party both backed the measure, part of a joint eurozone-International Monetary Fund package seen as the last chance to save Greece from bankruptcy.

Left-wing deputies, including the Communists, and one independent voted against.

It must now pass to the Senate for approval later in the week, most likely on Thursday.

France's share of the bailout rose from an earlier projection of 6.3 billion euros to 16.8 billion -- part of a 110-billion-euro pot of eurozone and IMF funds agreed by governments on Sunday.

This makes France the second-biggest contributor to the package after Germany which will provide 22.4 billion euros.

Date created : 2010-05-04

  • GREECE

    EU approves 110-billion-euro bailout package

    Read more

  • GREECE

    EU head Barroso applauds Greek bailout plan

    Read more

  • GREECE

    Papandreou announces bailout deal 'without precedent' in the world

    Read more

COMMENT(S)