Browse through our Interesting Nodes on Turkey Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923)
HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Friday, 29 March 2024
 
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.
 

The Hellenic Radio (ERA): News in English, 10-03-24

The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article

From: The Hellenic Radio (ERA) <www.ert.gr/>

CONTENTS

  • [01] Marathon Negotiations

  • [01] Marathon Negotiations

    Wednesday, 24 March 2010 08:51

    Eurozone member states are holding feverish negotiations in order to find a formula to support Greece in view of EU Summit Meeting on Thursday. Oli Rehn, European Commissioner for Economic and Monetary Policy said the EU had to decide on a way to help Greece this week while a European diplomat said Eurozome member states were nearing agreement on the implementation of a bail out instrument in joint cooperation with IMF.

    "We Are at Crossroads"

    The European Union (EU) must decide on a way to help Greece this week, or run the risk of causing a "serious disruption" for the euro, the EU Monetary Affairs Commissioner Olli Rehn said.

    "There is already the technical preparedness. Now we need a political decision" stressed Olli Rehn in an interview with the Finnish daily Helsingin Sanomat.

    "We are at a crossroads. Greece can cause a serious disruption (to the euro), or we can learn from this crisis". Rehn said there were still a number of alternatives on the table to help Greece, and he saw no problems with the International Monetary Fund (IMF) assisting Greece. "The EU is close to the IMF. We are partners."

    It was reported on Tuesday that Germany and France were paving the way for a European Union plan to aid Greece, agreed to involve the International Monetary Fund in any potential EU package while Berlin has set three conditions for supporting EU assistance.

    A German official said aid would be made available only if Greece:

    ⢠Couldn't raise funds in financial markets ⢠The IMF makes a substantial contribution and ⢠EU sanctions against deficit-limit violators are stiffened to prevent similar crisis in the future France and Spain have called for a special meeting of euro zone countries this week to discuss Greece ahead of the regular two-day EU summit which opens on Thursday afternoon.

    Sources: Reuters, ÁNA-ÌPA

    News item: 34698


    The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2023 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    eraen2html v1.01 run on Wednesday, 24 March 2010 - 9:43:37 UTC