UPDATE 1-Eurogroup to hold teleconference on Greece Sunday

Sat Apr 10, 2010 8:11am EDT Related News Eurogroup to hold teleconference on Greece SundaySat, Apr 10 2010Eurogroup to hold teleconference on Greece SundaySat, Apr 10 2010EU agrees on Greek rescue terms, Fitch downgradesFri, Apr 9 2010ECB, EU exec to introduce Greek loan volume - sourceFri, Apr 9 2010Euro section to plead conditions of Greek reserve net ThurThu, Apr 8 2010

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BRUSSELS, Apr 10 (Reuters) - Euro section financial ministers,the European Central Bank and the European Commission will holda teleconference on Greece on Sunday, a orator for EurogroupPresident Jean-Claude Juncker pronounced on Saturday.

"There will be a teleconference on Sunday on Greece in theusual Eurogroup composition," Guy Schuller said.

He combined that Juncker and Economic and Monetary AffairsCommissioner Olli Rehn would probably hold a headlines discussion onSunday at 1400 GMT in Brussels.

Schuller would not criticism if the timing of theteleconference was related to a Greek book check auction onTuesday, at that Athens wants to lift 1.2 billion eurosthrough six- and 12-month bills.

Euro section countries have affianced to lend to Greece if thedebt-stricken nation cannot financial itself in the market.

"It has been voiced after the European Council that inorder to finalise the resource for Greece, if Greece asks forhelp, the Europeans should be ready in the shortest time,"Schuller said.

"Greece has not asked for help, but you have to be ready ifthey do," he said.

Deputy financial ministers and executive bankers of the 16countries pity the European singular banking motionless lastThursday that any puncture loans would be done on conditions almostidentical to customary IMF bailouts if Greece indispensable them.

(Additional stating by Ingrid Melander in Athens)

(Reporting by January Strupczewski; Editing by Susan Fenton)

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