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Cyprus News Agency: News in English, 10-05-03
CONTENTS
[01] MINISTER EURO MEETING
[01] MINISTER EURO MEETING
Euro area Finance Ministers unanimously have agreed to activate
stability support to Greece via bilateral loans.
In the context of a three year joint programme with the International
Monetary Fund (IMF), the financial package makes available 110 billion
euro to help Greece meet its financing needs, with euro area Member
States ready to contribute for their part 80 billion euro of which up
to 30 billion in the first year.
During the meeting of the Finance Ministers, Cyprus Minister Charilaos
Stavrakis expressed the readiness of the Republic of Cyprus to
immediately offer the financial aid to Greece. The Cabinet and the
House of Representatives have approved a financial aid of 60,6 million
Euro to Greece.
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