BRUSSELS – Greece is a rate credit on July 15 saves to get it from an imminent default, while work continues on a second rescue plan for troubled countries, said the euro zone ministers Finance Saturday.
The ministers signed their part of the slice of € 12000000000 (17390000000 $) loan from a conference call tonight. The International Monetary Fund expects to accept their share of the funding next week.
The Ministers reaffirmed that they continue to Greece on the package 110 euros rescue bllion granted last year was the support, but thought a final decision on the new aid plan for the participation of banks and other private creditors have.
Finance Greek Minister Evangelos Venizelos said in a statement that his colleagues always support new loans in time for the next installment of the current rescue plan is in September.
Ministers underlined that Euro zone ‘plans to continue to implement the strong commitment of fiscal consolidation as well as concrete and ambitious structural reforms and privatization “, the new media, setting the stage for more dramatic confrontations with Greek authorities would be conditioned.
