blogs  
 
yournews
   
 
Video Photos Finance Travel Weather Discussion TV Shows
| |
 
  Home ›
 
Business News

 

Eurozone ready to help Greece 'if necessary', says Sarkozy
Posted: 08 March 2010 0311 hrs

  French President Nicolas Sarkozy (L) greets Greek PM Georges Papandreou in Paris.
 
Photos  of

   
 


PARIS: European governments sharing the euro currency will help Greece out of financial crisis "if necessary," French President Nicolas Sarkozy said on Sunday after talks with the Greek prime minister.

"I want to be very clear. If necessary, eurozone governments will fulfil their commitments and there can be no doubt about that," Sarkozy told a joint news conference with George Papandreou.

"If Greece needs us, we will be there," Sarkozy said.

Sarkozy said governments of the 16-nation eurozone were working on a "certain number of specific measures" to help restore Greece but he did not provide details.

The French leader noted however that "today, Greece is not in need of financing," suggesting that a bailout package was not on the cards.

"The Greek government has taken the measures that we expected. The eurozone governments must now be ready to take theirs," he added.

Following talks in Berlin, Papandreou was in Paris to seek French backing, just two days after Athens adopted new austerity measures to steer debt-crippled Greece away from financial ruin.

Greece wants to find a "European solution" to its debt crisis and has no immediate plans to ask the International Monetary Fund for help, Papandreou said. - AFP/de

 


Other business News
Eurozone sets conditions for Greek bailout
Banks agree US$25b deal for US homeowners
China releases Jan trade data
Flights back to normal Friday after strike: Air France
M'sia trade expected to grow at slower pace
US stocks gain on Greece, bank mortgage deal
Euro edges up as Greece inks reform deal
Oil prices rise on Greek deal
Eurozone stalls Greek cash aid pending new conditions
China says January exports expected to have dropped
Greece says agreement reached on austerity measures: ECB
ECB holds key interest rate steady at 1.0%
OPEC cuts 2012 oil demand forecast
China's January inflation hits 3-month high
Spain's economy to worsen in Q1
Indonesia cuts interest rate to record low
Malaysia sees record trade in 2011
Rio Tinto earnings down 59% on aluminium write-down
Asia stocks mixed on Greek fears, China inflation
China's Alibaba raising US$3b for Yahoo! stake

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions