Monday, June 20, 2011

Eurozone set to approve Greece cashflow aid



















European finance chiefs launched crunch talks on bailout No. 2 for Greece on Sunday in Luxembourg, where they are expected to approve emergency cashflow aid amid fears of a domino effect across the eurozone.

As a reshuffled Greek government vowed to deliver on new promises of austerity ahead of a confidence vote in parliament, eurozone partners readied to greenlight part of a fifth, 12-billion-euro tranche of loans under last year's 110-billion-euro ($156 billion) bailout due early in July.







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AFP