HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Browse through our Interesting Nodes on Religion in Greece
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Friday, 15 December 2017
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens News Agency: News in English, 10-05-07

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Eurozone agrees on support mechanism for Greece

  • [01] Eurozone agrees on support mechanism for Greece

    The leaders of the Eurozone countries decided in the early hours of Saturday to activate a support mechanism for Greece, Greek Prime Minister George Papandreou announced at the end of a special summit in Brussels.

    A three year joint programme with the International Monetary Fund (IMF) makes available 110 billion euro to help Greece meet its financing needs, with euro area member-states ready to contribute for their part 80 billion euro.

    Addressing reporters, Papandreou said that with the decision the eurozone countries "have shown that they stand with determination by our side," adding that the disbursement of the lown will begin in the coming days.

    These funds, he added, will "help us to implement without everyday's uncertainty in the international markets, the stabilisation and growth programme for our economy."

    "But the summit has shown something more, that the need to shield the eurozone relates not only to Greece's problems, but that the issue is a broader one and concerns the eurozone as a whole," Papandreou also said.

    "These decisions show that we are going to work all together not to let international speculation acting without control in the markets, to take Europe out of the crisis and contribute substantially to the world economy's recovery," the Greek premier said.


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright 1995-2016 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Saturday, 8 May 2010 - 0:30:20 UTC