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Will you feel better if your safety net is a pretty color?

“If you see yourself in an emergency situation, call us for a safety net.

It comes in three colors,” Eurozone.


Eurogroup: “Ready if Necessary”

Friday, 16 April 2010 15:54

giounker_trise_mLegal processes for approving aid to Greece, should it be needed, are progressing satisfactorily in all eurozone member states, Eurogroup President and Luxembourg Finance Minister Jean-Claude Juncker said on Friday.
Eurozone ministers Sunday made an offer of up to E30 billion in bilateral loans to heavily-indebted Greece, which will be combined with extra loans from the International Monetary Fund.

But the markets have continued to pressure Greece because of concerns that legal proceedings in some countries could hinder the ability of the Eurozone countries to give aid.

“Almost all has been said,” on Greece, Juncker told reporters in Madrid after a meeting of finance ministers here Friday. But he stressed that Greece has not asked for aid yet.

Juncker said legal proceedings in all of the Eurozone countries are “proceeding satisfactorily.”


Greece thrown lifeline by Eurozone

Greece thrown lifeline by Eurozone

Alan Fisher in Brussels, AJE

Greece is given the support of Eurozone countries.  Prime Minister Papandreiou notes that this is not only a challenge for Greece but also a challenge for European Union to demonstrate its cohesion and ability to work problems out together.