Economy

Demeter

(85,373 posts)

53. Eurozone finance ministers delay release of €130bn Greek bail-out (OF COURSE!)

Thu Mar 1, 2012, 01:16 PM

Mar 2012

Eurozone finance ministers on Thursday approved a debt restructuring for Greece but failed to release all of the €130bn of bail-out funds for the country after concluding Athens had not completed all 38 “prior actions” required to receive the second rescue in two years from the European Union.

The minister's approved about €93bn for the private sector Greek debt restructuring but held up aid directly intended to go directly to the Greek government.

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http://link.ft.com/r/FG6LAA/EXLQTZ/K91WR/4CW0V4/GDH6SI/RF/t?a1=2012&a2=3&a3=1

ALL THE MONEY FOR THE BANKS, NONE FOR THE PEOPLE

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