Sarkozy to support Greece

Nicolas-Sarkozy-George-PapandreouThere is something, which the speculators need to worry about, yes, the Euro zone has stood up after thinking much on the issue to back up Greece debt problems, which has put all the 16 nations in a jeopardy as the common currency rules the play.

Till now, this is the most affirmed and concrete aid, the Greek Prime Minister George Papandreou, has got from Sarzoky, which is the sturdy backbone of the plan according to the Greece prime minister. Although Greece has EU and U. S. support for the new austerity measures in its bounty to reinvent the massive budget gap.

The emergency call has already been passed for all the traders, betting on the Euro currency, by the French leader.

However, the Greece government has pledged to reduce the massive budget deficit which is 12.7 at present. The government also acclaimed that if the European aid is not their way then IMF is an option for them in the worst case. Sarkozy is already working with the German Chancellor, Angela Merkel to calm down the markets and to pull down the borrowing levels, but hasn't showed the symptoms of any plan for the same.

Standing in the queue, there are France, Germany and Greece who will give the stand to fight speculation, and assuring Greece is not alone now.

The Greece government expressed that they are not looking on the measures to raise money, but the ability to raise money in the debt market prevailing on same interest rates which are in the European countries.

The plans approved by the Greece government on the austerity measures have shelled out strikes and violent demonstrations.