EU meeting on Greek financial crisis

Eurozone finance ministers have agreed to offer financial help to Greece -likely in the form of bilateral loans - but refused to give details until European Union leaders make a final decision on the potential bailout.

Greece's Finance Minister George Papaconstantinou is surrounded by European Central Bank (ECB) President Jean-Claude Trichet (L) and EU Economic Affairs Commissioner Olli Rehn (R) at the start of an Eurogroup finance ministers meeting at the EU Council in Brussels March 15, 2010. REUTERS/Francois Lenoir

Euro Group finance ministers met in Brussels to discuss financial aid to Greece and help the Mediterranean country overcome its debt problems.

Jean-Claude Juncker, the head of the eurozone group, says Greece has not asked for help but they would move swiftly and take coordinated action if such an action turns out to be necessary.

He was stressing that he does not believe Greece would need the bailout.

Luxembourg PM & Pres. of the Eurogroup Jean-Claude Juncker said, "We think the consolidation measures taken by the Greek government are an important contribution to improvement in the fiscal position of Greece. We think these measures should enhance confidence in the financial markets so the Eurogroup, the Central Bank and the Commission fully support the steps taken by the Greek government."

Juncker refused to give details on the potential bailout.