Eurozone states to provide aid for Greece: Germany

The German finance ministry has said that countries using the euro currency will together provide aid for Greece, a German weekly magazine reported.

Eurozone states to provide aid for Greece: Germany

The German finance ministry has said that countries using the euro currency will together provide aid worth between 20 and 25 billion euros for Greece, the German weekly magazine Der Spiegel reported on Saturday.

Citing "initial considerations" by the ministry, Der Spiegel said each country's share of the financial aid for Greece would be calculated according to the proportion of capital each country holds in the European Central Bank.

The German finance ministry could not immediately be reached for comment.

Reuters

Last Mod: 20 Şubat 2010, 14:18
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