Greece has warned that last month's promise of European Union support might not be enough to stop its debt problem from undermining the single European currency, the EURO. As the Eurozone Finance Ministers began a meeting on the crisis in Brussels, the Greek Finance Minister George Papaconstantinou said that the potential rescue plan must be more explicit as to how the Eurozone countries will bail out his country. He criticised the existing plan by the Ministers of the sixteen member Eurozone as not been sufficiently detailed to end anxiety about Greece's economic survival. The stability of the sixteen-members Eurozone has been badly shaken since member-nations pledged aid to Greece last week without revealing specifics.The Eurozone countries say they will check Greece's progress in March, but in fact what they really want is audit to check Greece's finances.
News On AIR | February 16, 2010 10:41 AM
Greece criticises Eurozone’s existing plan on its economic survival