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Eurozone Finally Releases Rescue Funds for Greece

From greece.greekreporter.com

Finance ministers of the 17-nation eurozone agreed on Thursday to release a first 34 billion euros of aid to Greece, part of a rescue package held up for months due to worries over economic reform delays. “The meeting is over. The release of the financial aid has been accepted,” said a spokesman for Eurogroup chief Jean-Claude Juncker said. The IMF and the eurozone had agreed to release 43.7 billion euros in rescue loans in four instalments to enable Greece to avoid bankruptcy provided Athens carried out a bond buyback. Part of that money, an amount of some 34 billion euros, is urgently needed to recapitalise Greek ... (full story)

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