Eurozone finance ministers meet to aid Spain
EU ailing economy to contemplate the fiscal crisis and put in place proper reforest and cut many checks.
.Eurozone finance ministers meeting in Brussels on Monday are under pressure to execute measures agreed at a summit last month to tame the debt crisis.The finance chiefs from the seventeen -nation eurozone are looking at how to use a bailout fund to directly inject money into struggling banks.They're also discussing how to use the fund to stabilize bond markets for debt-strapped countries facing high borrowing costs.
Another key issue of business is to address the scale and conditions of financial support for Spain.
They're also weighing the Greek government's request to relax the conditions for austerity measures. The EU imposed the tough terms in return for financial support.
But discussions with Spain are already behind schedule, and talks with the Greek government have yet to begin in earnest.Eurozone finance ministers to meet again July 20,2012 to finalize Spanish lending 30 Million Euro by the end of this month.
.Eurozone finance ministers meeting in Brussels on Monday are under pressure to execute measures agreed at a summit last month to tame the debt crisis.The finance chiefs from the seventeen -nation eurozone are looking at how to use a bailout fund to directly inject money into struggling banks.They're also discussing how to use the fund to stabilize bond markets for debt-strapped countries facing high borrowing costs.
Another key issue of business is to address the scale and conditions of financial support for Spain.
They're also weighing the Greek government's request to relax the conditions for austerity measures. The EU imposed the tough terms in return for financial support.
But discussions with Spain are already behind schedule, and talks with the Greek government have yet to begin in earnest.Eurozone finance ministers to meet again July 20,2012 to finalize Spanish lending 30 Million Euro by the end of this month.
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