Wednesday, April 21, 2010

France will allocate 3.9 billion euros from the budget through the assistance of Greece.

France in 2010 to allocate 3.9 billion euros from the budget for credit in Greece within the framework of aid a country burdened with debt, according to Agence France-Presse citing Economy Minister Christine Lagarde. Statement Lagarde sounded in the meetings of the delegations of the European Commission, European Central Bank and the International Monetary Fund, which opened earlier on Wednesday in Athens. "We will submit the draft to the National Assembly (lower house), May 3-4 and May 6-7 - in the Senate" - lead agency words Lagarde. Eurozone countries and the IMF promised to Greece to 45 billion euros in the first year under the percentage below the current market, in order to help the country overcome the severe debt and budget crisis. The Greek Government has requested further talks on how such assistance will affect the three year program of fiscal stabilization. As noted by analysts, the talks will take place in a relative hurry and will take two to three weeks, since the uncertainty in the credit support of Greece severely impact the country's ability to refinance its more than 300 billion of debt. Markets have already been punished Greece a record yield of its debt because of the two-day delay in the negotiations. Until the end of May to Athens to take in about 10 billion euros to pay for current obligations.

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