Monday, 10 May 2010

EU Officials Agree to Bailout Greece

On Friday night, May 7, EU officials signed off on the package to aid Greece. The pack totals to $957 dollars, with $560 billion in loans, $76 billion under an existing lending program and $321 billion coming from the IMF.

Because of the reluctance and disunity shown by Germany and France, the total amount is much higher than what was expected. The E.U. Officials hope that the package will show the E.U.'s commitment to staying united and helping out countries in the union.
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1 comment:

  1. Raul Reis 19 May 2010 at 11:23

    Very good blog. Your entries are very informative and timely. Grade: A (180 out of 200).

    ReplyDelete

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