ECB, IMF and European Commission to support Greece with bailout conditions

Officials from the European Central Bank, International Monetary Fund and European Commission have announced that they will go to Athens as soon as a new government has been put in place to help Greece meet its bailout conditions, the Commission President Jose Manuel Barroso said tonight.

Mr Barroso avoided any firm commitment on whether Greece's bailout conditions could be relaxed in exchange for a 130 billion euro (£104 billion) bailout. He said:

The [bailout] programme agreed by Greece was on the basis of a mandate that euro-area member states gave the Commission, the ECB and the IMF to design a programme with a specific path of debt sustainability.

Those parameters were agreed and it would not be possible to have another trajectory.