To Vima, 16 March 2010

EU financial aid plan meets with scepticism

Published on 16 March 2010
To Vima, 16 March 2010

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To Vima calls a decision by Eurogroup to provide bilateral aid to Greece a "farce". The Athens-based daily says the safety mechanism - voluntary bilateral loans to be used if Athens is unable to get its finances in order, is "neither concrete, nor a loan" and that Greece would not use the assistance until technical details were ironed out. In other words,To Vimasays, "So as not to ruffle any feathers, promises remain promises, and everybody gains some time". For concrete action, the paper continues, "we will have to wait until next week for the heads of state summit meeting", which is expected to endorse the plan.

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