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Greece Bailout Faces European Finance Chiefs
European finance chiefs get the second chance in a week to pull Greece back from the brink of collapse after lawmakers in Athens approved the austerity measures demanded for a financial lifeline. Greece “will be saved in one way or another,” German Finance Minister Wolfgang Schaeuble told newspaper Welt am Sonntag yesterday, though the country must “do its homework.” Euro-area finance ministers will convene in Brussels on Feb. 15 in an extraordinary meeting that was set after they declined in a special session on Feb. 9 to ratify the 130 billion-euro ($172 billion) package. Frustrated after two years of ... (full story)
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