EU finance ministers pledged to save eurozone
Finance ministers from the European Union’s 27 member states have pledged on Tuesday to inhibit debt crisis and cope with problems to ensure the stability of the common currency. At the same time Great Britain has expressed its concern about major regulations which would force companies and institutes to move out from the UK to non-EU country which provides more favourable conditions.
EU commissioner of monetary and economic affairs, Olli Rehn stated: “Our main task is to set back confidence in EU economies”. He talked to the press following Greece reception of the first installment of bailout package today.
As we reported yesterday the rescue package is a life-saver for Greece, since the country faced with expired government securities worth 9 billion euros and they couldn’t obtain enough funds from the markets to finance them.
Investors are still uncertain and anxious over the future of euro as they see the debt crisis is spreading across Europe.
Endangered countries like Spain and Portugal have made public new austerity measure last week to ease markets.
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