Al-Qasabi: Growing global adoption of digitization transforms trade into more efficient and reliable    89-day long winter season starts officially in Saudi Arabia on Saturday    20,159 illegal residents arrested in a week    Riyadh Season 5 draws record number of over 12 million visitors    GACA report: 928 complaints filed by passengers against airlines in November    Death toll in attack on Christmas market in Magdeburg rises to 5, with more than 200 injured Saudi Arabia had warned Germany about suspect's threatening social media posts, source says    Ukraine launches drone attacks deep into Russia, hitting Kazan in Tatarstan    Cyclone Chido leaves devastation in Mayotte as death toll rises and aid struggles to reach survivors    US halts $10 million bounty on HTS leader as Syria enters new chapter    UN Internet Governance Forum in Riyadh billed the largest ever in terms of attendance    ImpaQ 2024 concludes with a huge turnout    Salmaneyyah: Regaining national urban identity    Fury vs. Usyk: Anticipation builds ahead of Riyadh's boxing showdown    Saudi Arabia to compete in 2025 and 2027 CONCACAF Gold Cup tournaments    Marianne Jean-Baptiste on Oscars buzz for playing 'difficult' woman    Al Shabab announces departure of coach Vítor Pereira    My kids saw my pain on set, says Angelina Jolie    Saudi Arabia defeats Trinidad and Tobago 3-1 in friendly match    Legendary Indian tabla player Zakir Hussain dies at 73    Eminem sets Riyadh ablaze with unforgettable debut at MDLBEAST Soundstorm    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    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.



France, Italy back Greece, bolster nuclear deals
Published in Saudi Press Agency on 09 - 04 - 2010

France and Italy backed pledges to help debt-stricken Greece today after a summit meeting at which they also agreed to tighten cooperation in the planned rebirth of Italy's nuclear energy industry, according to Reuters.
French President Nicolas Sarkozy and Italian Prime Minister Silvio Berlusconi aimed to build on a nuclear energy accord signed last year, in which France agreed to help Italy rebuild a sector it abandoned after the Chernobyl disaster in 1986.
But the meeting was overshadowed by the tense situation facing the euro zone as the Greek debt crisis has gathered in intensity in recent days after growing doubts over a euro zone rescue plan.
"The Greek authorities have taken courageous measures to restore their public finances," Sarkozy said at a joint news conference with Berlusconi.
"A support plan has been agreed by all the countries of the euro zone. We are ready to take action at any moment to come to the aid of Greece," he said.
Berlusconi, whose country faces questions about the sustainability of its own huge debt burden, said it was in Europe's interest to help Greece, "otherwise there will be very negative consequences for our common currency and our economy."
The main part of the meetings, attended by senior ministers and energy industry executives from both countries, was devoted to a series of agreements intended to bolster cooperation in the nuclear sector.
Berlusconi's centre-right government wants 25 percent of Italy's electricity to come from nuclear power and France, the world's second largest producer of atomic energy, has eyed the potentially lucrative market closely.
Seven agreements were signed, including a memorandum of understanding on reactor projects between France's Areva, the world's biggest nuclear reactor maker, and Italian engineering group Ansaldo Nucleare.
Italy will use Areva's latest EPR technology, a reactor designed to resist powerful shocks including plane crashes, for the first four plants to be built.
Another agreement on training and research was signed, giving France a key role in building the next generation of Italian nuclear engineers and technicians.
The Italian government gave a final approval in February to a decree paving the way for starting work on new plants in 2013 and nuclear production by 2020.
The decree sets criteria for selecting sites for new atomic plants, a sensitive issue in the densely populated country, which has zones of significant seismic activity.
Plans for a joint Franco-Italian army brigade specialising in mountain warfare were also unveiled, matching the existing Franco-German unit created by former President Francois Mitterrand and ex-Chancellor Helmut Kohl.
The announcement, of mainly symbolic importance for the moment, matched agreements over defence cooperation in satellites and naval operations.
A separate series of accords aimed at opening the way to cooperation between French national rail operator SNCF and the Italy's Ferrovie dello Stato were also signed.


Clic here to read the story from its source.