Page last updated at 01:24 GMT, Monday, 10 May 2010 02:24 UK

EU agrees emergency Eurozone fund

EU finance ministers have agreed on an emergency package worth 500bn euros (£430bn), to stop the Greek debt crisis from spreading to other Eurozone countries.

There had been fears that without a deal, the euro would come under increasing pressure in the financial markets.

EU Monetary Affairs Commissioner Olli Rehn said the agreement showed the ECB would "defend the euro whatever it takes".


Story Tools


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific