Qvsl Eurozone members mull Greek rescue_30
“This goes for any supposed eurozone aid and especially as well for bilateral aid.”
In exchange for such aid, the members of the 16-nation eurozone would demand that the socialist government of Prime Minister George Papandreou take deeper steps to rein in its huge public spending deficit, the daily said.
Nevertheless, the German head of the socialist grouping in the European parliament called on the EU “to bring forward urgent proposals for the launch of eurobonds” in order to deal with the crisis.
While European treaties forbid any bailouts for countries that use the euro, willing states could provide bilateral loans to Greece, Le Monde said.
The Greek government has vowed the cut the public deficit to 8.7 per cent of output this year after it ballooned to 12.7 per cent last year.
Eurozone governments are examining possible steps to provide financial support to Greece,ugg uk, whose massive debt has shaken the European single currency.
The crisis in Greece has helped trigger a slide in the euro on international currency markets.
“Now is the time for us to stand shoulder-to-shoulder with Greece - not to abandon the country to the mercy of world markets.”
Its crisis plan forecasts a deficit of 2.8 per cent in 2012,hair straightners, under the 3.0 per cent threshold required by the European Union.
“The federal government is not considering offering financial support to Greece as it overcomes its difficult budgetary situation,” Jeanette Schwamberger said.
“Politically, it would not be possible to tell voters that one country is being helped out so that it can avoid the painful savings that other countries have made,” Weber, one of the most influential members of the ECB,discount ugg boots, told the Boersen Zeitung financial paper.
In Berlin, a German foreign ministry spokeswoman denied the Le Monde account.
But European Central Bank officials have repeatedly said Greece should not expect a bailout, a warning that was repeated by the head of the German central bank this week.
“It is unacceptable that the European Union is not showing more solidarity with Greece,” said Martin Schulz in a statement.
Eurozone members mull Greek rescue
AFP