Germany stands ready to act immediately to aid Greece

The German government said Friday it stands ready to take immediate action if it receives an aid request from Greece.

“Germany has not received a request from Greece yet, but if it arrives later, the German government will be ready to take immediate actions,” said Finance Ministry spokesman Michael Offer.

"In Germany, we are required to act out of solidarity,” Offer said. “We’re doing this to stabilize the euro, which also meets our own national interest."

Greek Prime Minister George Papandreou announced Friday that Greece will formally ask for the activation of the EU- IMF support mechanism for the Greek economy.

The European Commission said Friday that the European Union and the International Monetary Fund will give "rapid" treatment to Greece demand for aid.

In the aid program, Germany's share would amount to up to 8.4 billion euros, while the toal amount for all eurozone members would be 30 billion euros.

Source: Xinhua