EurActiv.com Correspondent's Choice

This story about today’s EU summit was published by EurActiv on 11th February 2010.

European Union leaders will lay the groundwork for a financial rescue of Greece at a summit today (11 February) in Brussels, but any support is likely to require a major commitment from Athens to get its economy in order.

Germany and possibly France are expected to take the lead in any aid package the EU draws up to help Greece weather its mounting debt and deficit crisis, although the structure, size, nature and any conditions attached to a deal remain unclear.

“We have to help Greece, and Europe will do it as well as the Eurogroup,” Spanish Prime Minister José Luis Rodriguez Zapatero said on Wednesday (10 February), referring to a meeting of EU finance ministers on Monday, when details of any plan are likely to be decided.

Greece’s debt problems are not officially on the agenda for Thursday’s one-day summit, but they will be discussed by leaders over lunch with the president of the European Central Bank, Jean-Claude Trichet, and a statement is expected afterwards.

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