French finance minister welcomes 'launch' of Greek bailout

23rd April 2010, Comments 0 comments

French finance minister Christine Lagarde on Friday welcomed news that Greece had asked the European Union and IMF for a 45-billion-dollar bailout, after weeks of speculation that has rocked the euro.

"The Greek government's decision indicates that the process is launched," Lagarde said expressing relief that Athens's cost of borrowing had already dipped.

Greece earlier went cap in hand to the EU and IMF, appealing for up to 45 billion euros of urgent aid to keep the country afloat.

© 2010 AFP

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