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| Version 2 | Version 3 |
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| Greece calls for aid plan details | Greece calls for aid plan details |
| (1 day later) | |
| Greece's Finance Minister George Papaconstantinou wants other eurozone nations to release a detailed plan of how they will bail-out his country. | Greece's Finance Minister George Papaconstantinou wants other eurozone nations to release a detailed plan of how they will bail-out his country. |
| Mr Papaconstantinou said such a move was necessary to ease market fears that Greece could default on its debts. | Mr Papaconstantinou said such a move was necessary to ease market fears that Greece could default on its debts. |
| His comments come after eurozone leaders pledged last Thursday to support the country, but stopped short of detailing any exact proposals. | |
| Eurozone finance ministers are meeting in Brussels to discuss Greece. | Eurozone finance ministers are meeting in Brussels to discuss Greece. |
| Greece is seeking a bail-out from fellow eurozone nations as it tries to reduce its public deficit, which at 12.7% is more than four times higher than eurozone rules allow. | Greece is seeking a bail-out from fellow eurozone nations as it tries to reduce its public deficit, which at 12.7% is more than four times higher than eurozone rules allow. |
| Jean-Claude Juncker and Olli Rehn on Greece's crisis | |
| It has pledged to reduce this to 8.7% this year, under an austerity plan that involves major cuts in public spending. | It has pledged to reduce this to 8.7% this year, under an austerity plan that involves major cuts in public spending. |
| Ahead of the finance ministers meeting, EU Commissioner for Economic and Monetary Affairs, Olli Rehn, said there was a clear case for Greece to implement "additional measures". | Ahead of the finance ministers meeting, EU Commissioner for Economic and Monetary Affairs, Olli Rehn, said there was a clear case for Greece to implement "additional measures". |
| Swaps focus | Swaps focus |
| "My guess is that what will stop markets attacking Greece at the moment is a further, more explicit message that makes operational what has been decided last Thursday," Mr Papaconstantinou told the AP news agency. | "My guess is that what will stop markets attacking Greece at the moment is a further, more explicit message that makes operational what has been decided last Thursday," Mr Papaconstantinou told the AP news agency. |
| He added that the 16 countries that use the euro need to "work out a mechanism so that if necessary the mechanism will be there" to help any member nation that cannot pay its debts. | He added that the 16 countries that use the euro need to "work out a mechanism so that if necessary the mechanism will be there" to help any member nation that cannot pay its debts. |
| "I think this is the logical way of addressing the issue," he added. | "I think this is the logical way of addressing the issue," he added. |
| Mr Papaconstantinou's comments also came after the European Union (EU) statistics agency Eurostat said on Monday that Greece falsified data last year to hide the extent of its debts. | Mr Papaconstantinou's comments also came after the European Union (EU) statistics agency Eurostat said on Monday that Greece falsified data last year to hide the extent of its debts. |
| The EU has now given Greece until the end of February to give details on how complicated financial deals, called currency swaps, affected the Greek government's financial accounts since 2001. | The EU has now given Greece until the end of February to give details on how complicated financial deals, called currency swaps, affected the Greek government's financial accounts since 2001. |
| Mr Papaconstantinou said some of the swaps used in the past "were at the time legal, and Greece was not the only country" using them. | Mr Papaconstantinou said some of the swaps used in the past "were at the time legal, and Greece was not the only country" using them. |
| He added that they have now "been made illegal, and Greece has not used them since". | He added that they have now "been made illegal, and Greece has not used them since". |
| Greece is seeking a bail-out from fellow eurozone nations as try to reduce its public deficit, which at 12.7% is more than four times higher than eurozone rules allow. | Greece is seeking a bail-out from fellow eurozone nations as try to reduce its public deficit, which at 12.7% is more than four times higher than eurozone rules allow. |
| The EU is due to assess the implementation of Greece's austerity plan next month. | The EU is due to assess the implementation of Greece's austerity plan next month. |