Ad
Sarkozy and Merkel are set to announce their support for Greece on Thursday (Photo: The Council of the European Union)

France and Germany to announce Greek rescue plan

France and Germany are set to pledge their solidarity with Greece on Thursday (11 February), in a sign to investors that the embattled Greek state will not be allowed to default on debt obligations.

Despite a detailed plan from Athens last month setting out spending cuts and revenue raising measures, market doubts over the health of Greek public finances have grown in recent weeks, weighing heavily on Greek stocks and causing bond yields to shoot up.

French President Nicolas Sa...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
Sarkozy and Merkel are set to announce their support for Greece on Thursday (Photo: The Council of the European Union)

Tags

Ad

Related articles

Ad
Ad