Euro ministers back next Greece bailout payment
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The powerful European Central Bank [ E C B ] in the heart of Frankfurt/Main - Germany - The Europower in Mainhattan - Enjoy the glances of euro and europe....03/2010....travel around the world....:) by || UggBoy♥UggGirl || PHOTO || WORLD || TRAVEL ||
License (according to Flickr): Attribution License
License (according to Flickr): Attribution License
The cash-strapped country will get a total of euro49. 1 billion ($ 64 billion) in between now and March. European finance ministers debate Greek buyback
Germany, engine of Europe, faces looming recession
Greece needs the money to float and avoid a potential default. Officials stated the country would get euro34. 3 billion ($ 44. 7 billion) in the coming days. The decision Thursday by the finance ministers of the 17 EU countries that utilize the euro followed Greece stated it would purchase back euro31. 9 billion ($ 41. 5 billion) of its bonds from private investors at a third of their face value, lightening its crushing debt load and meeting a key condition to receive vital rescue loans.
Euro ministers back next Greece bailout payment
Additional Info:
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Country: Greece
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Country: Germany
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