Greece gets 30bn euro safety net

Eurozone nations have unveiled a 30-billion-euro aid package for heavily indebted Greece to restore confidence in the single currency.

Finance ministers from the 16 countries that share the euro currency agreed to offer Greece a three-year financing program at interest rates of around five percent.

After the ministers reached an agreement on the deal on Sunday, Greek Prime Minister George Papandreou said that "nobody can play with" the euro.

"With today's decision, Europe sends a clear message: that nobody can play with our common currency, nobody can play with our common fate," he said from Cyprus.

"Today, with the Eurogroup decision, the safety net has taken shape. European solidarity has been fleshed out," AFP quoted Papandreou as saying.

"The total amount put up by the eurozone member states for the first year will reach 30 billion euros (40 billion dollars)," eurozone finance chief and Luxembourg Prime Minister Jean-Claude Juncker told reporters at a press conference after a conference call between the ministers.

Source: PressTV.
Link: http://www.presstv.ir/detail.aspx?id=123057§ionid=351020605.