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

 Dig, Root, Grow

This year, we’re all on shaky ground, and the need for independent journalism has never been greater. A new administration is openly attacking free press — and the stakes couldn’t be higher.

Your support is more than a donation. It helps us dig deeper into hidden truths, root out corruption and misinformation, and grow an informed, resilient community.

Independent journalism like Truthdig doesn't just report the news — it helps cultivate a better future.

Your tax-deductible gift powers fearless reporting and uncompromising analysis. Together, we can protect democracy and expose the stories that must be told.

This spring, stand with our journalists.

Dig. Root. Grow. Cultivate a better future.

Donate today.

SUPPORT TRUTHDIG
In this Article:
#bailout#collapse#crisis#euro#europe#eurozone#greece