Germany legislates to rescue Greece

7th May 2010, Comments 0 comments

The German Bundestag has voted to support the rescue package for Greece, agreed last Sunday by the IMF and the 16 nations in the Eurozone. A total of 110 billion euros are to be extended, in exchange for unprecedented belt-tightening on the Greek side. On Thursday, the Greek Parliament approved tax hikes and drastic spending cuts.

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