Tags: EU | Europe | Financial | Crisis

EU Commission Hopeful on Bailout Deal for Greece

Monday, 22 Mar 2010 08:03 AM

The European Union's commission says it is still hopeful that eurozone leaders can agree financial help for Greece this week despite a rebuff from Germany.

German Chancellor Angela Merkel has said a Thursday summit of EU leaders should not discuss a possible bailout because Greece isn't asking for one. She says putting it on the agenda would cause market turbulence by raising false expectations.

Greece has warned it may turn to the International Monetary Fund if it can't get help from other eurozone countries. It has said it is not looking for money but measures to convince markets it will not default.

EU Commission President Jose Manuel Barroso has called on eurozone members to end market uncertainty and decide on ways to help Greece if necessary.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Economy
The European Union's commission says it is still hopeful that eurozone leaders can agree financial help for Greece this week despite a rebuff from Germany.German Chancellor Angela Merkel has said a Thursday summit of EU leaders should not discuss a possible bailout because...
EU,Europe,Financial,Crisis
126
2010-03-22
Monday, 22 Mar 2010 08:03 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved