EU plans to start rescue financing in December

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

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.

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