Bloomberg News

Venizelos Welcomes German Approval of European Rescue Fund

September 29, 2011

Sept. 29 (Bloomberg) -- Greek Finance Minister Evangelos Venizelos welcomed the German parliament’s approval of the European Financial Stability Facility’s expanded powers, according to an e-mailed statement from the Athens-based ministry today.

Venizelos said decisions reached at a July 21 European Union summit are of “vital” importance for the euro and the euro area and that Greece has sent “clear and decisive” signals that it will fulfill its commitments to its EU partners and its creditors, according to the statement.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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