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To: Haim R. Branisteanu who wrote (73213)	4/11/2010 11:05:04 AM
From: Haim R. Branisteanu	Respond to of 74559

Euro Zone Agrees To Give Greece Up To EUR30 Bln At 5% Interest BRUSSELS (Dow Jones)--Euro-zone finance ministers Sunday agreed to specific terms for possible aid for Greece, saying they would provide up to EUR30 billion for the country in the first year of any support program. The 16 euro-zone ministers held a conference call Sunday to hammer out details of their aid plan. Euro-zone leaders in March pledged to help Greece, if needed, but limited details about how and when they would provide funds made investors' nervous. Greek sovereign bond spreads hit record highs last week amid growing fears of default. "We are laying down the details of the mechanism to be launched if a Greek request is presented," Luxembourg's Prime Minister Jean-Claude Juncker told a news conference in Brussels following the conference call. Juncker chairs meetings of euro-zone finance ministers, which are known as the Eurogroup. "This is a step of clarification the markets are waiting for...it shows that there is money behind this," Juncker added. The finance ministers agreed Greece would pay an interest rate of around 5% for a three-year loan program, according to European Commissioner for Economic and Monetary Affairs Olli Rehn. Rehn said officials from the commission, the European Union's executive arm, and representatives from the European Central Bank and the International Monetary Fund will meet in Brussels Monday to discuss the IMF's role in any Greek aid plan. Rehn said the rough goal is to have the euro zone provide two-thirds of the money Greece needs, with the IMF offering one-third. -By Adam Cohen, Dow Jones Newswires; +322 741 1486; adam.cohen@dowjones.com