Europe seals new Greek bailout to avert default

Started by NewsCaster, Feb 21, 2012, 01:05 PM

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NewsCaster

Feb 21, 2012, 01:05 PM
Euro zone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default next month after forcing Athens to commit to unpopular cuts and private bondholders to accept deeper losses.

MSNBC
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