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| Version 0 | Version 1 |
|---|---|
| Deal reached over Greece's debts | Deal reached over Greece's debts |
| (10 minutes later) | |
| France and Germany have reached a deal on a financing plan to help debt-laden Greece, which will include IMF help. | France and Germany have reached a deal on a financing plan to help debt-laden Greece, which will include IMF help. |
| Officials in Brussels say the package - yet to be agreed by other eurozone states - will total 23bn euros (£21bn). | Officials in Brussels say the package - yet to be agreed by other eurozone states - will total 23bn euros (£21bn). |
| The French presidency said there would be "very precise conditions" under which the 16 eurozone countries "could be led to intervene" to help Greece. | |
| Co-ordinated bilateral loans and IMF loans are envisaged. EU leaders are now poised to discuss the plan. | |
| News of the deal broke as leaders of the 27 EU member states gathered for a two-day summit in Brussels. | |
| Diplomats say the eurozone leaders may hold an additional meeting on Thursday evening to discuss how to help Greece. | |
| Earlier on Thursday Germany's Chancellor Angela Merkel said the German government "will press for emergency aid combining IMF and joint bilateral aid from the eurozone but... only as a last resort". | |
| She has signalled reluctance to offer Greece anything resembling a bail-out, which is not allowed under the single currency rules. | |
| She said Greece was not insolvent, was acting to curb its deficit and was still able to raise money on international markets. | |
| She also said she would press for the EU to amend its treaties to strengthen its ability to prevent future budget crises. | |
| Arriving at the summit, Greek Prime Minister George Papandreou urged EU leaders to act to stabilise the euro. | |
| The euro hit a 10-month low against the dollar on Wednesday after a credit downgrade for Portugal, which is also struggling with heavy debts. |