Greece should give in and use of European aid - April 24, 2010
The surge in Greek interest rates leaves little choice in Athens. Greece asked the triggering of a device using the European Union and the International Monetary Fund to 11:00 Paris time, report Greek media and news agencies on Friday, citing unnamed sources. A solution to which it had hitherto refused.
"The die is cast. Greece turns to the mechanism for EU / IMF today and an announcement to that effect will be made to local noon, "wrote the Greek daily To Vima, without citing sources. The website provides financial Reporter.gr the same information, citing unnamed sources.
The markets reacted positively, the Athens Stock Exchange (Athex) was up by midday Friday, gaining 3.77%. London
More to come …
See also:
"SPECIAL CASE – Greece, a challenge for Europe