German Lawmakers Ponder $11 Bln For Greece Bailout (ap)

admin | May 3, 2010, 6:13 | No Comments »

Demonstrators protest against the new economic measures during a rally in the northern Greek port city of Thessaloniki, Sunday, May 2, 2010. Greek Government has outlined harsh spending cuts and tax increases necessary to free up billions of euros in a joint International Monetary Fund and eurozone rescue for the debt-ridden country. Finance ministers from the 16 countries that use the euro agreed Sunday to rescue Greece with 110 billion Euros in loans over three years to keep it from defaulting on its debts.(AP Photo/Nikolas Giakoumidis)AP – German Chancellor Angela Merkel’s Cabinet considered legislation Monday to provide Greece with billions in aid as part of an EU bailout plan, and the European Central Bank suspended its rating limits on Greek debt.

Read more

Filed Under: World News


About the Author:

RSSComments (0)

Leave a Reply