Eurozone/IMF loan details to Greece to be discussed next week

THE details of a eurozone/IMF loan for Greece will be worked out next week when the European Commission sends a delegation to Athens at the request of the government.

As the cost to Greece of borrowing on the open market dramatically rose yesterday following a drop earlier in the week, the Greek Finance Minister, George Papaconstantinou requested discussions on the loan.

Eurozone finance ministers agreed last Sunday that they would put together a €30 billion loan between them for the stricken state with a further €10 to €15 billion to come from the International Monetary Fund.