French fin min says Greek plan removes doubts
French Finance Minister Christine Lagarde says the European Union's proposed euro30 billion ($40 billion) loan package for debt-saddled Greece eliminates any doubts over its resolve to aid a member state. Lagarde said Tuesday the deal reached over the weekend "leaves no room for queries or questions" over how the aid package mechanism could be activated.
She said the mechanism will discourage countries from following Greece down the same path of indebtedness that has forced EU partners to devise the unprecedented rescue plan.
Eurozone officials promised Sunday to make the loans from other governments available if Greece needs the money to avoid defaulting. The International Monetary Fund would make another euro10 billion available.