Saturday, July 9, 2011

IMF releases new funds for Greek rescue


















The International Monetary Fund said Friday it was releasing 3.2 billion euros ($4.6 billion) to Greece as part of its joint bailout with the European Union for the debt-stricken country.


The IMF said Athens was making "some progress" in reforms, and predicted the country would return to positive economic growth in the first half of 2012.






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AFP