Eurozone approves Greece bailout

Monday, May 3, 2010 The European Union and International Monetary Fund (IMF) have agreed to provide the ailing Greek economy with 110 billion euros (US$146 billion) worth of loans over three years. Finance ministers from the sixteen countries that use the euro – known as the eurozone – approved the plan yesterday. According to the […]

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Greece formally asks for EU-IMF loans

Friday, April 23, 2010 Greece has formally asked for rescue loans by the European Union and International Monetary Fund (IMF) to be activated, aimed at helping the country recover from an economic crisis. Under the plan, countries in the Eurozone will provide up to 30 billion euros in loans in the first year, while the […]

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