EU exec to put Greek plan to finmins, Germany doubtful

The European Union's executive said on Monday it was ready to propose a framework that could be used to aid Greece, despite signs of continuing reluctance from France and Germany to make concrete commitments.

Ministers were expected to discuss the possibility of providing loan guarantees or bilateral loans to help Athens finance its debts if needed, but officials signalled no figure would be put on the amount of help that could be extended.

European Monetary Affairs Commissioner Olli Rehn confirmed the Commission had succeeded in drawing up proposals for a mechanism that could be put to a meeting of the euro zone's 16 finance ministers in Brussels.

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- Posted: 2010-03-15 10:46:00

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