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Sunday, May. 20, 2012 |  Syndicate content

Greece courts Sarkozy after German bail-out win

Page last updated at 11:02 GMT, Friday, September 30, 2011 - 16:02 EST

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AFP:

The Greek leader said his people had made a "superhuman effort"
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Greece's Prime Minister George Papandreou brought his campaign to save his economy to Paris on Friday as nervous markets turned their attention to a key international audit of Greek finances.

The Greek premier was to hold talks with France's President Nicolas Sarkozy, one day after German lawmakers gave the faltering eurozone vital breathing space by agreeing to boost the bloc's bailout fund.

France will be one of the key contributors to the expanded fund while its own banks are critically exposed to sovereign debt from Greece and other weak links in the eurozone chain -- Italy, Spain and Portugal.

Meanwhile, in Athens, officials from the European Union, European Central Bank and International Monetary Fund are conducting an audit to decide whether to disburse eight billion euros ($11 billion) of crucial aid for Greece.

Read the whole story: AFP

Watch from Reuters:

Greece-World News