Tue, 08 Nov 2011 12:33:41 GMT
EU plans to start rescue financing in December
EU financial leaders are planning to start
implementation of bailout programmes in December. Greece is required to deliver
written approval of bailout rules to receive EUR 8.0 bn credit in one month. Italy is ordered
to bring expenditure cut into reality. According to Olli Rehn, EU Monetary Commissioner,
it is crucial for both countries to restore the political confidence.