German reservations on Greek bailout will end today: French PM

28th April 2010, Comments 0 comments

French Prime Minister Francois Fillon said Wednesday that Germany was ready to put aside its reservations over an EU package to rescue Greece from a debt default.

"We will be by Greece's side... and any hesitations the German government has had will be ended today," Fillon told French lawmakers in Paris, while in Berlin Chancellor Angela Merkel hosted a series of talks on the crisis.

Merkel "is due to speak in a few minutes and I have no doubt she will take exactly the same position as the French government and all the other European states", to make huge loans to help Greece, he said.

"I want to say clearly to all those who are speculating against Greece and betting against the european currency, that the European Union and the eurozone states will meet all their responsibilities to Greece".

Greece has asked the European Union and the International Monetary Fund to put together a financial aid package worth some 45 billion euros (60 billion dollars) to help rescue its debt-ridden economy.

French lawmakers are due to vote Monday on France's contribution of 6.3 billion euros in loans, including 3.3 billion euros to cover current accounts.

But Germany has voiced reservations about the rescue, with Merkel demanding that Athens first produce a credible plan to reduce its deficits.

© 2010 AFP

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