French parliament approves Greece bailout

7th May 2010, Comments 0 comments

The French parliament early Friday approved an emergency aid package for debt-ridden Greece which will see the government stump up 16.8 billion euros (21.2 billion dollars) in loans over three years.

The loans carry a five percent interest rate and 3.9 billion euros will be made available next year.

The motion was passed in the Senate by 311 votes to 24.

© 2010 AFP

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