Tuesday, February 9, 2010

Report: Euro Zone Has Agreed in Principle to Aid Greece

Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said on Tuesday, reports Reuters.

"The decision on help for Greece has been taken in principle within the euro zone," said the source.

Various options were being considered and no decision had yet been taken but the most likely possibility was to offer Greece "bilateral help", said the source.

Just what options are being considered is, if course, key. And what are they going to do about the other PIIGS?

This crisis isn't over just yet.

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