By The Associated Press
PARIS -- European governments are ready to agree to a new bailout package for Greece, France's finance minister said Monday ahead of a meeting with his counterparts in Brussels.
Francois Baroin told Europe-1 radio that while details will have to be worked out, "the political commitments have been made" for a new ?130 billion ($171 billion) bailout for Athens.
"We now have all the elements of a deal ? elements of a participation that remains voluntary for banks and private lenders, and for public lenders states, central banks," he said.
"We don't have money...Now our only target is to have food to survive," Greek shopkeeper Michael Ipermahos says about the gravity of the financial crisis. "My advice to my children is to leave Greece, throw away their Greek passports and be a citizen of another country."
A Greek's only hot seller: Tear gas masks
"We hope we and the Eurogroup members can take into account all the Greek government has been done for several weeks ? even several months," he said.
Funds from the bailout, he said, would be placed in a "special-purpose account that makes it possible to signpost some of that money and guarantee Greece's repayment of its creditors."
The U.S. has expressed support for the IMF to take part in an aid program for Greece, whose government has faced violent protests over austerity measures aimed to avoid default next month.
?
While politicans argue, a Greek economist says it's time to stop window-dressing and tell it as it is. NBC's Jim Maceda reports.
The measures, coming after months of delay, would mark a second massive bailout for Athens. Critics doubt Greek political leaders' commitment to austerity, and difficult details remain to be ironed out.
Europe's economy edges closer to recession
Greece is straining to secure the rescue loans and the debt relief deal quickly to avoid defaulting on a ?14.5 billion bond redemption on March 20. The government has already pushed a massive austerity and reform package though parliament and is expected to introduce in Parliament on Monday two more pieces of emergency legislation, including wage and pension cuts. There were scattered protests over the cuts in Athens on Sunday.
? 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
angus t. jones belgian malinois girl fight jacoby brissett danielle staub last of the mohicans last of the mohicans
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন