India may help bail out Eurozone: Pranab

Finance Minister Pranab Mukherjee today suggested that India may financially help in any plan to bail out troubled Eurozone countries once a detailed plan in this regard is worked out.

"Our assessment of the situation is let them (Eurozone) make a credible assessment of the solvency issue, try to sort out the problems, and then after that supplementary financing (by India) could be considered. Let us see what the leaders decide," Mukherjee told reporters in New Delhi.

He was replying to a question on the Greek government's decision to seek a referendum on a proposed European Union rescue package.

Mukherjee said at even at the last G-20 finance ministers' meeting in Paris, India had maintained that the European solvency issue should be sorted out by the European nations themselves.

"Let us see what the leaders decide (at the Cannes G20 meeting beginning tomorrow)," he said.

Prime Minister Manmohan Singh has left for France to participate in the two-day Summit of the world's 20 leading economies to signal a "strong and coordinated approach" to put the global economy back on track, while addressing medium term structural issues.