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Several euro area states are keen to hold out until absolutely necessary before providing Greece with a loan (Photo: andres rueda)

Greek support likely to be bilateral loans, says Juncker

Euro area finance ministers offered up just a smidgen more information on the shape of a potential Greek bail-out after their meeting on Monday (15 March), while being at pains to stress that any such mechanism will most likely be unnecessary.

Luxembourg Prime Minister Jean-Claude Juncker, who chairs the monthly meetings of eurozone finance ministers, suggested that any financial aid to Greece could take the form of bilateral loans from a number of eurozone countries.

"What will...

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Several euro area states are keen to hold out until absolutely necessary before providing Greece with a loan (Photo: andres rueda)

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