The Associated Press May 4, 2010, 1:16AM ET

French lawmakers approve funds for Greece

France's lower house of parliament has adopted a budget amendment allowing the government to release French funds for Greece's bailout.

The text must still go before the Senate, its final step in parliament.

Finance Minister Christine Lagarde had urged lawmakers to adopt the amendment, calling it a "moral imperative." She also says providing funds for Greece will be a way of "stabilizing the euro."

The National Assembly, dominated by the governing conservative party, passed the text early Tuesday.

European governments and the International Monetary Fund agreed Sunday to give euro110 billion ($145 billion) in loans to Greece over three years. France has committed to providing up to euro16.8 billion in its share of the three-year plan.


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