Friday, July 1, 2011

Greece's finances: Out of the frying pan

Greece has gained some breathing space in its struggle to avoid a messy default.




If all goes according to plan during this weekend’s consultations by the eurogroup—a teleconference of finance ministers of countries that belong to the currency—Greece’s creditors will shortly agree on a fresh bail-out package to replace the €110 billion agreed a year ago.

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Economist