France, Germany to act quickly on Greek aid package: Elysee

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President Nicolas Sarkozy and German Chancellor Angela Merkel agreed during a telephone conversation Saturday on the need to act quickly to unlock a rescue package for Greece, the French presidency said.

"The president and the chancellor fully share the same view and reaffirmed their determination to act quickly to implement the support plan as soon as a three-year programme will have been concluded with the Greek authorities," said an Elysee statement.

Sarkozy spoke by phone with Merkel ahead of a meeting of his economic team at the Elysee palace to discuss the aid package being cobbled together by eurozone countries and the IMF to save Greece's economy.

French Finance Minister Christine Lagarde confirmed that the three-year bailout plan will total between 100 and 120 billion euros (133-160 billion dollars).

© 2010 AFP

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