EU President Herman Van Rompuy says agreement reached on helping Greece amid debt crisis

The Associated Press ~ staff The News
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BRUSSELS, Belgium - European Union President Herman Van Rompuy says countries that use the euro are ready to take "co-ordinated measures" if necessary to help Greece out of its debt crisis.
Van Rompuy, speaking at a summit of 27 EU leaders in Brussels, gave no firm offer of financial aid to Greece, and insisted that Greece hadn't asked for any.
He said, "euro area members will take determined and co-ordinated action if needed to safeguard stability in the euro zone as a whole."
Nervous markets worldwide are watching for concrete assurance that the 27-nation European Union can help Greece stave off a default and keep the crisis from spreading to other vulnerable countries, threatening Europe's hesitant economic recovery.

Organizations: European Union

Geographic location: Greece, BRUSSELS, Belgium Europe

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