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Home News Greece:austerity measures in exchange for rescue – 1

Greece:austerity measures in exchange for rescue – 1

Published on 03/05/2010

Greece is to get up to 160 billion dollars in low-interest loans from the EU countries, the IMF and the European Central Bank in the next three years. Last week the country found itself on the verge of default due to its inability to refinance its 300-billion-doillar debt.