Riyadh's PSU tops Saudi universities in research quality    Historic Jeddah hosts 'Ramadan Season 2025' with diverse cultural events    Project launched to evaluate degraded sites in Saudi regions    Bevatel leads the WhatsApp Business API and Meta Solutions for GCC businesses    Aramco reports $106.2 billion net income for 2024    Trump's tariffs risk economic turbulence and voter backlash    Two dead after car plows into crowd in Germany    Pope Francis 'alert' after respiratory failure    Trump pauses US military aid to Ukraine following disastrous Oval Office meeting    In-person school classes will remain suspended in some parts of Makkah region on Tuesday    Al-Ahli CEO Ron Gourlay to step down in April    HONOR unveils New Corporate Strategy to Transition to an AI Device Ecosystem Company Illuminating a three-step roadmap underpinned by openness and collaboration    MEPCO lays the Foundation for PM5: A Groundbreaking Leap in Paper Production, doubling Supply Capacity and introducing Superior-Quality Paper to the Region    Secure 2030 by Seclore strengthens Data Sovereignty, Cybersecurity and Regulations in Saudi Arabia    UK death rate 'reaches record low'    Anora sweeps Oscars with best picture, best director and best actress for Mikey Madison    Bassogog stuns Al-Ittihad with last-minute equalizer as Al-Okhdood snatches a dramatic draw    Cristiano Ronaldo left out of Al-Nassr squad for AFC Champions League clash against Esteghlal in Iran    Toney's hat-trick stuns Al Hilal as Al Ahli claims thrilling victory in Saudi Clasico    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    SFDA warns against Maragatty chicken broth for containing banned colorants    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Eurogroup meeting possible ahead of EU summit, top official says
Published in Saudi Press Agency on 23 - 03 - 2010


The leaders of the 16 countries which use the
euro could meet immediately before Thursday's planned European Union
summit to decide how they should respond to Greece's financial woes,
dpa quoted a top official as saying.
Eurozone states are deeply divided over how to help Greece restore
its financial credibility in the eyes of money markets, but are
desperate to reach a deal so that they do not undermine their own
appearance of unity.
"It's possible that there will be a gathering of the members of
the eurogroup before the start of the (EU) summit," Dirk De Backer,
the spokesman for the president of the EU's council of member states,
Herman Van Rompuy, told the German Press Agency dpa on Tuesday.
Thursday's summit is due to start at 5 pm (1600 GMT), but leaders
are scheduled to arrive throughout the day, leaving ample time for an
extra meeting.
Greece wants EU leaders to promise their support so that financial
markets will be willing to lend Athens money at less than the current
6-per-cent rate they are demanding.
But Germany, in particular, resists that idea, maintaining that
Greece's problems are its own fault and that the most important thing
is to maintain the credibility of the euro's fiscal rules.
Last week, EU diplomats warned that the row threatened to
overshadow the forthcoming summit and to knock its planned agenda - a
10-year plan to revitalize the EU's economy - out of the headlines.
On February 11, the Greek issue completely dominated an informal
EU summit which had also been meant to discuss economic plans.


Clic here to read the story from its source.