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EU considers more help for bailed-out Greece

Jazzy

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ATHENS, Greece -Finance ministers from several European countries met Friday amid concerns over Greece and Portugal, as Greek and other European Union officials vehemently denied a German online magazine report that Athens was considering leaving the eurozone.



Greek Finance Minister George Papaconstantinou attended the informal meeting in Luxembourg called by Luxembourg Prime Minister and Eurogroup head Jean-Claude Juncker, the ministry said in Athens.



The talks were held in the framework of the meeting of eurozone finance ministers who participate in the G-20 and the finance minister was called to participate for an exchange of views regarding the financial developments in Greece, the ministry said in a statement.



It is absolutely evident that in these talks there was no discussion nor was any issue raised concerning Greece's participation in the eurozone, as various foreign media outlets said irresponsibly and for their own reasons, it said.



Earlier, the ministry categorically rejected the report by Spiegel Online, which said Athens was considering withdrawing from the EU's joint currency. The report, which sent the euro tumbling, added that the eurozone's finance ministers were holding a secret crisis meeting in Luxembourg on Friday night to discuss the issue.



The euro dropped to $1.4470 from $1.4530 late Thursday. It had traded at $1.4942 on Wednesday, its highest level since December 2009.



See full article from DailyFinance: http://srph.it/mArICM

 
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