European nations are discussing various ways to help troubled Greece cope with its mountain of government debt, officials indicated Tuesday, as conflicting reports sent markets on a roller coaster ride, bolstering the faltering euro and contributing to a stock market rally that later pulled back from its heights.
The specifics of any bailout remained unclear and officials played down reports that Germany and France had already agreed on a rescue plan for Greece.
“This will be further discussed in the coming days,” Olli Rehn, who is about to take over as European economic affairs commissioner, said in an interview in Strasbourg. “We are talking about support in the broad sense of the word. I cannot specify it now. Solidarity goes both ways.”
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Europeans Discuss Aid for Greek Debt
European nations are discussing various ways to help troubled Greece cope with its mountain of government debt, officials indicated Tuesday, as conflicting reports sent markets on a roller coaster ride, bolstering the faltering euro and contributing to a stock market rally that later pulled back from its heights.
The specifics of any bailout remained unclear and officials played down reports that Germany and France had already agreed on a rescue plan for Greece.
“This will be further discussed in the coming days,” Olli Rehn, who is about to take over as European economic affairs commissioner, said in an interview in Strasbourg. “We are talking about support in the broad sense of the word. I cannot specify it now. Solidarity goes both ways.”
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