Thursday, March 25, 2010

Eleftherotypia: EU divided in two camps on aid for Greece

The EU member states are divided in two on financial aid for Greece, Greek Eleftherotypia newspaper writes. Marathon negotiations are expected to be held at today’s EU Summit on the “rescue net” for Athens concerning the debt and crediting needed for its paying off.

On Wednesday, the President of the European Commission José Manuel Barroso called on again to the countries from the Euro area to establish a rescue net for Greece in case and only if all funds to avid the crisis are depleted. French President Nikolas Sarkozy and the President of the European Council Herman Van Rompuy support the reaching of agreement on practical support for Greece.

However, German Minister of Finance Wolfgang Schäuble announced that strict rules for budget discipline should be introduced before taking a decision to provide financial aid for EU member state like Greece.

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