Fischer: Czech Republic supports Eurozone loans to Greece

Prime Minister Jan Fischer said Thursday that the Czech Republic supports the creation of a mechanism to ensure loans to heavily indebted Greece from the individual countries of the Eurozone. The PM spoke ahead of the first meeting of the EU summit, at which the union’s political leaders are expected to deal with the plan proposed by the European Commission. Greece said Thursday evening that a plan that met its requirements was evolving successfully. Discussions are expected to continue into the night. Berlin in particular has been hesitant to support the idea as the bulk of the money would come from Germany. Mr Fischer repeated that the Czech Republic, like other EU countries that have not adopted the euro, wants to be consulted on any decision made on the issue.