EU Spells Out Details of Bigger-Than-Expected Aid Package for Greece
April 12, 2010
Markets have reacted to weekend news of a 3-year EUR 45 billion promise of aid for Greece. The plan puts a 5.0% ceiling on Greek interest rates. EUR 30 billion will come from other EU countries including EUR 8.4 billion from Germany. The IMF will top this off with another EUR 15 billion. The euro [...]
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