Tags: Italy | Loan | Greece

Italy Approves Initial $7 Billion Loan for Greece

Friday, 07 May 2010 07:34 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Italian news agencies say government ministers have approved an emergency decree for an initial 5.5 billion euro ($7 billion) rescue loan for debt-ridden Greece.

The ministers on Friday approved the emergency measure to "safeguard the financial stability of the eurozone," Italian newswire ANSA quoted the decree as saying. The first tranche is more than a third of Italy's share of 14.7 billion euros.

Finance Minister Giulio Tremonti told parliament on Thursday that the measure will not affect Italy's deficit, because it is a loan, but rather its debt.

Italian officials have been staving off concerns of contagion from the Greek crisis, emphasizing that the Italian banking system is robust, that overall debt is low and savings are high.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved