Ad
Burst property sector bubbles have caused problems in several eurozone states (Photo: EU Commission)

Euro finance ministers set to finalise eurozone aid

Euro area finance ministers on Monday evening (7 June) are expected to finalise the principle component of last month's hastily agreed €750 billion eurozone support mechanism.

The meeting's chairman, Luxembourg Prime Minister Jean-Claude Juncker, says German opposition to elements of the €440 billion system of loan guarantees has been overcome, but the final agreement still needs to be signed.

Funding under this element of the overall package will be made available through a spec...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
Burst property sector bubbles have caused problems in several eurozone states (Photo: EU Commission)

Tags

Ad
Ad
Ad