Greek aid package shows EU keenness on Eurozone stability - Juppe

PARIS, July 22 (KUNA) -- French Foreign Minister Alain Juppe on Friday welcomed the EU leaders approval of a new financial aid package to Greece to help it overcome its deteriorating debt crisis.
Juppe said the move shows the European Union's keenness on the stability of Eurozone.
The French minister said the decision was taken upon an initiative from French President Nicolas Sarkozy and German Chancellor Angela Merkel.
Eurozone leaders and private creditors agreed on Thursday to give Greece a new 159-billion-euro bailout, risking a potential default to prevent the debt crisis from spreading worldwide.
The Greek deal was cheered in Asian and European stock markets in early trade on Friday and gave the euro a boost after weeks of turbulence that sucked Italy and Spain into the debt spiral.
They also vowed to keep supporting the two other eurozone nations that have received bailouts, Portugal and Ireland, until they are stable enough to borrow on the private markets again.(end) amm.ibi KUNA 221737 Jul 11NNNN