Eurogroup agrees rescue mechanism for Greece
Eurogroup agrees rescue mechanism for Greece
Eurogroup agrees rescue mechanism for Greece
(Reuters) - Euro zone finance ministers agreed on Monday on a mechanism#x that would Nutritional Supplementallow them to help Greece financially if needed,samurai swords, but revealed no details except that it would be without loan guarantees.
The mechanism would be activated if Greece were unable to finance itself on the market despite the country's austerity measures.
The ministers from the so-called Eurogroup said the mechanismNutritional Supplement would not give Greece financing at average euro zone rates but aim to make it return to markets as soon as possible.
"The member states of the euro area will take coordinated action if such action turns out to be necessary. We clarified the technical arrangements ... to take coordinated action," Eurogroup Chairman Jean-Claude Juncker told a news conference.
The ministers from the 16-country currency bloc said in a statement: "It (the Eurogroup) clarified the technical modalities enabling a decision on coordinated action#x andNutritional Supplement which could be activated swiftly in the case of need."
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