EU to allocate money to bankrupt Greece
EU member states tend to agree that it is necessary to help Greece having a lot of debts before a special summit. Socialist leaders of 16 EU member states support the idea of allocating a combined credit to Greece.
Being on the edge of bankruptcy, Greece is posing a threat to the common European currency. That is why EU member states would like to help Greece together without asking the International Monetary Fund for assistance or signing separate bilateral credit agreements. The final decision has to be taken by February 12, informs Euronews.net.
However, despite of the credit, leaders of EU member states are hoping that Greece will start saving. At the same time, inhabitants of the country oppose to cutting down state expenses. Thousands of demonstrators went out to Athens streets on Wednesday, November 10.
Being on the edge of bankruptcy, Greece is posing a threat to the common European currency. That is why EU member states would like to help Greece together without asking the International Monetary Fund for assistance or signing separate bilateral credit agreements. The final decision has to be taken by February 12, informs Euronews.net.
However, despite of the credit, leaders of EU member states are hoping that Greece will start saving. At the same time, inhabitants of the country oppose to cutting down state expenses. Thousands of demonstrators went out to Athens streets on Wednesday, November 10.
