Top Leaderboard, Site wide
Truthdig: Drilling Beneath the Headlines
July 24, 2017 Disclaimer: Please read.
x

Statements and opinions expressed in articles are those of the authors, not Truthdig. Truthdig takes no responsibility for such statements or opinions.






The Unwomanly Face of War
The Life of Caliph Washington

Truthdig Bazaar
Dissent: Voices of Conscience

Dissent: Voices of Conscience

By Colonel (Ret.) Ann Wright and Susan Dixon
$15.00

more items

 
Ear to the Ground
Email this item Print this item

$40 Billion for Greece Bailout

Posted on Apr 11, 2010
Flickr / U-g-g-B-o-y-(-Photograph-World-Sense-)

The Euro Tower in Frankfurt, Germany, home of the European Central Bank.

The 16 nations that use the euro have just revealed an aid package of up to $40 billion in an effort to stem the Greek financial crisis. Finance ministers see the offer as a “step of clarification” for markets and a boost for the faltering euro. —JCL

The New York Times:

A financial rescue of the debt-laden Greek economy moved into focus Sunday when the 16 nations that use the euro offered to loan Athens up to €30 billion at rates far below what the debt-laden country is paying now.

The decision, made after a telephone conference of euro-zone finance minister, provides for the first time the details sought by Greece — and the financial markets — over how an emergency aid package would be structured.

Greece has so far not formally requested aid from the European Union, whose heads of government still have to sign off on the plan before it comes into force.

Read more

Banner, End of Story, Desktop
Banner, End of Story, Mobile
Watch a selection of Wibbitz videos based on Truthdig stories:


Get a book from one of our contributors in the Truthdig Bazaar.

Related Entries

Get truth delivered to
your inbox every day.



New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

Join the conversation

Load Comments

By doublestandards/glasshouses, April 11, 2010 at 2:16 pm Link to this comment
(Unregistered commenter)

We should switch to the euro so we can get some aid.  Maybe a better stimulus package, extended unemployment benefits, and real healthcare reform.

Report this
Right Top, Site wide - Care2
 
Right Skyscraper, Site Wide
Right Internal Skyscraper, Site wide

Like Truthdig on Facebook