Greece, March 26: All 16 eurozone countries have agreeed on providing a 22bn Euros financial plan to help debt-laden Greece on Thursday.
All 16 eurozone countries have backed a financing plan to help debt-laden Greece, which will include IMF money.
The safety net would total about 22bn euros (££20bn). It would apply only if market lending to Greece dried up.
Eurozone countries would grant co-ordinated bilateral loans, and there would be “substantial” IMF loans.
The “majority” funding would be European. The plan was worked out at a summit in Brussels. Greek PM George Papandreou called it “a very satisfactory” move.
—Agencies