Welcome, Guest Login | Signup | Portfolio | Bookmark | Contact
Markets

Symbol Name
Click for Symbol Help




Germany Sets Tough Aid Conditions for Greece

Wall Street Journal - Mar 23, 2010

Germany on Tuesday set conditions for participating in a Greek aid package, including the "necessary" involvement of the International Monetary Fund, but again insisted an agreement wouldn't come out of a meeting of European Union leaders this week.

A German official, speaking anonymously to discuss the government's position, said Greece could receive aid only as a "last resort" and under three tough conditions: a "substantial contribution" from the IMF; proof that Greece had exhausted its ability to borrow on the capital markets; and an EU commitment to pursue rigorous new preventive measures and sanctions to keep euro-zone countries from racking up excessive debts.

Such measures would require an EU treaty change, the government has previously acknowledged. Changing the treaty would involve a tedious process that could take years and would require the agreement of all 27 members.

Read Full Article from Wall Street Journal

- Posted: 2010-03-23 10:04:08


 More Stock Investor Place Top Stories  
Anglo platinum arm sheds 14,000 jobs, risking unrest
Apple falls below $500
US retail sales rose 0.5 percent in December, led by autos, furniture and clothing sales
Recovery in U.S. Saving 8 Million Underwater Homeowners
Facebook shares rise in buildup to mystery event, earnings

 Stock Investor Place Top Stories Archive
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008















Featured Companies | My Place | News | Markets | Big Board | Blogs | Products & Services

Copyright 2019 Stock Investor Place Inc. All Rights Reserved.
Disclaimer - Terms of Use - Privacy Policy - Advertise