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Tue, Mar 16, 2010 - Page 10 News List

Greek bailout tops EU ministers’ agenda

FRENCH, GERMANS DOUBTFUL A senior EU source said the means being considered at the Eurogroup summit to help Greece included bilateral loans and loan guarantees

REUTERS , BRUSSELS

The austerity plan has reduced market concern over whether Greece will be able to service its debt and helped Athens sell its bonds with ease on debt markets earlier this month.

Policymakers are still searching for ways of making its cost of borrowing — still far above that of other Europeans — more sustainable.

They are also concerned that the problems in Greece could undermine confidence in the euro and spread to other heavily indebted euro zone countries such as Portugal or Spain.

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