Monday saw the shares on Wall Street flat, where share traders have not supported the rescue plan for Greece. The European stock rose in the morning but went back negative afterwards.

EU officials announced that they would lend 30 billion euros or $40 billion , in loans for a 5 percent interest rate to Greece. The Greek government would be provided with further 15 billion euros by the IMF for even lower interest rates. The Greece government had wanted loan for a lower interest than offered though.

Athens saw the index rising to 4.4 percent. The EU official who did not disclose the identity said that the loan did not solve the problem of Greece. It only shifted the debt from one place to another. Germany’s official was reported to have said that such an aid should been taken only after summit meeting of all the EU countries ministers. But the EU officials denied that says that such decisions could be taken via conference call between leaders.