UPDATE 1-French EconMin sees 100-120 bln eur Greek aid plan

* Lagarde hopeful Greek deal to be reached this weekend

* Lagarde sees 100-120 bln eur Greek aid package

* Sarkozy, Merkel working to ensure eurozone stability

(Releads, adds further comments from Lagarde, Elysee)

PARIS, May 1 (BestGrowthStock) – French Economy Minister Christine
Lagarde said on Saturday she was expecting a 100-120 billion
euros ($133-$160 billion) aid package for debt-stricken Greece
and hoped a deal could be reached by the end of this weekend.

Lagarde was speaking after French President Nicolas Sarkozy
held a meeting of his ministers to discuss the problems of
Greece, whose fiscal deficit woes have rocked financial markets.

“The overall aid package has not yet been fixed,” Lagarde
told reporters.

“The International Monetary Fund and European Commission
have spoken of a package in the range of 100 to 120 billion
euros, and the aid plan will likely be within this range,” she
added.

Talks to secure European Union and IMF aid to Athens in
return for draconian budget cuts are edging towards a close,
with European banks expected to contribute. [ID:nTOE64000E]

A separate statement from Sarkozy’s Elysee presidential
office said he had discussed Greece with German Chancellor
Angela Merkel, and that both he and Merkel were determined to
move quickly to set up a Greek aid package.

Sarkozy’s office added that France and Germany would
continue to work to ensure the stability of the eurozone, and
would also work on further measures to strengthen their
monitoring of the eurozone economy.
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($1=.7508 Euro)
(additional reporting by Sudip Kar-Gupta)
(Reporting by Yann Le Guernigou; Editing by Keiron Henderson)

UPDATE 1-French EconMin sees 100-120 bln eur Greek aid plan