India may consider euro zone financing: Pranab Mukherjee

New Delhi: India may support additional funding for the euro zone in the region only after making a credible assessment of the solvency issue, Finance Minister Pranab Mukherjee said on Wednesday.

"Our assessment of the situation is, let them (the euro zone leaders) make a credible assessment of the solvency problem, try to sort out these problems, then additional funding may be considered," Mukherjee said.

Asian stocks fell and the euro hovered near three-week lows against the dollar on Wednesday as investors shed riskier assets after Greece's sudden call for a referendum rekindled fears about the viability of the debt deal reached only last week.

Last week, the euro zone leaders said they plan to increase the firepower of their financial rescue fund 1000000000000 cost €, while the banks have agreed in principle to reduce the nominal value of 50 percent of their Greek bonds.

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