Global Business News

Greece calls on EU to implement bailout deal


Greece is calling on the EU (European Union) to consider extending the country with a €109 billion bailout as well as to implement the rescue fund for the euro zone debt crisis which was agreed upon last month. The finance minister of Greece said that EU must ‘fully and immediately’ implement the fund. Evangelos Venizelos, the minister had written to senior officials of the EU to call on them to implement the agreement which will include a new bailout package for Greece.

Among those who have been addressed are President Jean-Claude Trichet, the president of the European Central Bank, Olli Rehn, the EU Economic Commissioner as well as finance ministers of euro zone. Venizelos called on them to implement the agreement which involved some eurozone members to shy away over the deal where Finland wants collateral as security from Greece over the package which have attracted other members like Slovenia, Austria, Slovakia and the Netherlands.

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