Financial Aid To Greece
April 2nd, 2011 | 
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The finance ministers (Finance Minister) will be reported to the European Union agreed to financial assistance to Greece. That decision will be issued today, when they gathered in Brussels, to discuss the latest developments in the home country’s financial crisis Olympiad.
Only, about values and what form of assistance, it has not been decided. “The amount and the new mechanism is decided upon, if Greece was asked,” said EU sources told Reuters on Sunday (14/3/2010)
But, added the source is, in principle, the European Union has approved the aid about the facility. Currently, the European Commission and the Eurogroup special unit in the process of finalization of the technical problems to help.
Some time ago, the Guardian has written that the value provided assistance to Greece reached 25 billion euro. Greece itself planning utangan seek senilai53, 2 billion euros.
There are as many as 16 state finance ministers which met user euro today, discussing the development of Greece. Last week, the country’s parliament agreed to cut spending and increase taxes to 4.8 billion euros (6.5 billion U.S. dollars). This third-saving proposal that would ask Greece to the EU. Two formerly rejected the proposal.
Still controversy
Anyway, yesterday, the French Finance Minister Christine Lagarde doubt that the meeting today would agree about the aid to Greece. “I’m sure, the meeting will not decide anything,” he said.
Only, the source said, from several options, the European Union consider to provide bilateral assistance and debt guarantees. “The team just completed a technical problem and Germany be the deciding factor here,” he said.
Indeed, Germany became the countries most opposed granting financial assistance to Greece. The reason, Greece had violated European Union rules by giving the figures are not statistically valid and hide debt value and the actual deficit.
French President Nicolas Sarkozy assessing the contrary, According to him, the European Union should help resolve the debt of Greece to reach maturity is 20 billion dollars, this April. If not, the currency area will face heavy pressure.
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