Feb 11 – European Union leaders have agreed to support Greece as part of a financial rescue deal during a summit on Thursday; EU Union President Rompuy announces a plan is in place to ensure euro stability
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EU leaders reach deal on Greece
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- European Union leaders have put a rescue package in place to help Greece.
- A plan is in place to help Greece’s economy.
- Greece is unable to deliver its budget promises.
- The Greek government has cut its deficit by 4%.
- Germany and France have agreed the conditions of the deal.
- Greece may be abandoned as it had broken rules.
- 27 people are attending the summit.
- Greece needs to borrow 15 billion euros.
- If Greece failed to repay this it would affect the EU economies.
- Greece is relying on the EU to assist it.
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