EU Working on Back-Up Plan to Resolve Greece's Debt Crisis

Filed under: International Markets

Friday's key developments in As The Euro-Zone Turns:



European Union nations are working on a back-up rescue plan for Greece, in the event Germany does not commit to aid, Bloomberg News reported Friday.



According to Reuters, Germany has ruled-out immediate aid for Greece. A spokesperson for German Chancellor Angela Merkel told Reuters Friday Merkel's upcoming meeting with Greece Prime Minister George Papandreou would be about offering political support, and not financial aid.

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EU Working on Back-Up Plan to Resolve Greece's Debt Crisis originally appeared on BloggingStocks on Fri, 05 Mar 2010 18:00:00 EST. Please see our terms for use of feeds.

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