Greek Prime Minister Lucas Papademos says the country has a lot of work to do before getting the new $172 billion bailout from the European Union and International Monetary Fund. The Greek parliament has agreed in principle to the package of spending and job cuts as demanded by the EU and IMF. The lawmakers must […]
Eurozone Ministers Approve New Greek Bailout
Posted February 21st, 2012 at 8:25 pm (UTC-5)
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Eurozone Ministers Approve New Greek Bailout
Posted February 21st, 2012 at 2:35 pm (UTC-5)
Eurozone finance ministers have approved a new $172-billion bailout for Greece, the second for the debt-ridden country in two years. The financial-rescue package could reduce the Greek government debt from about 160 percent of the country’s economic output to just more than 120 percent by 2020 – the maximum debt level considered sustainable by the […]
Greece Bailout Brings Relief and Skepticism
Posted February 21st, 2012 at 11:45 am (UTC-5)
The $172-billion bailout for Greece was met with a mixed reaction on Tuesday, with Greeks expressing relief and skepticism about whether the measure will put the country on the road to recovery. Hours after Eurozone finance ministers passed the measure, protesters lined up in front of the labor ministry shouting and holding a sign “Troika […]
Greece Bailout Brings Relief and Skepticism
Posted February 21st, 2012 at 10:25 am (UTC-5)
The $172-billion bailout for Greece was met with a mixed reaction on Tuesday, with Greeks expressing relief and skepticism about whether the measure will put the country on the road to recovery. Hours after Eurozone finance ministers passed the measure, protesters lined up in front of the labor ministry ministry shouting and holding a sign […]
Eurozone Ministers Approve New Greek Bailout
Posted February 21st, 2012 at 9:50 am (UTC-5)
Eurozone finance ministers have approved a new $172-billion bailout for Greece, the second for the debt-ridden country in two years. The financial-rescue package could reduce the Greek government debt from about 160 percent of the country’s economic output to just more than 120 percent by 2020 – the maximum debt level considered sustainable by the […]
Eurozone Ministers Approve Greek Bailout Deal
Posted February 21st, 2012 at 1:30 am (UTC-5)
Eurozone finance ministers have approved a fresh $171-billion (130 billion euros) bailout for Greece, after more than 13 hours of tense negotiations in Brussels. The bailout will reduce Greece’s government debt from around 160 percent of the country’s gross domestic product to just over 120 percent by 2020 — the maximum level considered sustainable by […]
Eurozone Ministers Approve Greek Bailout Deal
Posted February 20th, 2012 at 11:00 pm (UTC-5)
Eurozone finance ministers have approved a fresh $171-billion (130 billion euros) bailout for Greece, after more than 12 hours of tense negotiations in Brussels. European officials say the bailout will reduce Greece’s government debt from around 160 percent of the country’s gross domestic product to just over 120 percent by 2020, meeting a key benchmark […]
Europe Finance Ministers Set to Approve New Greek Bailout
Posted February 20th, 2012 at 3:05 pm (UTC-5)
Eurozone finance ministers are set to approve a new $171-billion bailout for Greece, at a meeting in Brussels. French Finance Minister Francois Baroin said Monday that after months of negotiations over terms of the deal for debt-ridden Greece, an agreement is in sight for the country’s second bailout in two years. “We have all the […]
Europe Finance Ministers Set to Approve New Greek Bailout
Posted February 20th, 2012 at 11:30 am (UTC-5)
Eurozone finance ministers are set to approve a new $171 billion bailout for Greece, at a meeting in Brussels. French Finance Minister Francois Baroin said after months of negotiations over terms of the deal for debt-ridden Greece, an agreement is in sight for the country’s second bailout in two years. “We have all the elements […]
Europe Finance Ministers Set to Approve New Greek Bailout
Posted February 20th, 2012 at 9:35 am (UTC-5)
Eurozone finance ministers are set to approve a new $171 billion bailout for Greece when they meet in Brussels on Monday. French Finance Minister Francois Baroin said that after months of negotiations over terms of the deal for debt-ridden Greece, an agreement is in sight for the country’s second bailout in two years. “We have […]
