CCTV.com - CNTV English - CCTV News

Eurozone finance ministers agree on financial rescue package

06-08-2010 07:52 BJT

Watch Video

Play Video

Eurozone finance ministers have agreed on the final details of the 750-billion euro bailout fund to prevent the spread of the continent's debt crisis.

Meeting in Luxemburg on Monday, the ministers, moved to set up, the European financial stability facility for borrowing money from financial markets.The facility, which operates through a special purpose vehicle,aims to borrow up to 440 billion euros with guarantees from eurozone countries.

The facility, is the largest bulk of the 750-billion euro, rescue package agreed by EU finance ministers on May the 10th.

Among that amount, the European Commission would also raise 60 billion euros and the International Monetary Fund would contribute about 250 billion euros.

Eurozone finance ministers have agreed on the final details of the 750-billion euro bailout fund to prevent the spread of the continent's debt crisis.
Eurozone finance ministers have agreed on the final details of the
750-billion euro bailout fund to prevent the spread of the 
continent's debt crisis.


Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program