French parliament to vote Greek aid package

3rd May 2010, Comments 0 comments

French lawmakers were set on Monday to vote on 16.8 billion euros' (22 billion dollars') worth of financial aid for Greece, France's share of a vast eurozone bailout to save it from a debt default.

Members of the National Assembly, the lower house of parliament, were due to debate the measure from 6:00 pm (1600 GMT) and may vote on it late Monday evening or on Tuesday. It must then pass to the Senate later in the week.

France's share of the bailout, agreed Sunday, rose from an earlier projection of 6.3 billion euros to 16.8 billion -- part of a 110-billion-euro pot of eurozone and IMF funds agreed by governments on Sunday.

This makes France the second-biggest contributor to the package after Germany which will provide 22.4 billion euros.

The French share of the plan looked likely to be passed almost unanimously, backed by both the main blocs in the parliament, the opposition Socialist party and the right-wing ruling UMP.

© 2010 AFP

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