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    Eurozone offers Greece 30 billion euro in loans

    Sunday, April 11, 2010 Member states of the eurozone have offered to give Greece thirty billion euro in emergency loans for the debt-stricken country, should the latter want it. The loans’ price will be determined using formulas by the International Monetary Fund (IMF), and will be set at around five percent. The Luxembourgish prime minister, Jean-Claude Juncker, speaking on behalf of eurozone finance ministers, commented that “[t]he total amount put up by the eurozone member states for the first year will reach 30bn euros.” He added that “[t]his is certainly no subsidy” to Greece. The prime minister also noted that financing would be “completed and co-financed” by the IMF. European…