BRUSSELS (AFP) – European leaders dug out a fresh rescue for debt-ridden Greece to avoid global financial chaos, but on condition Athens rallies parliamentary support for new austerity measures. As negotiators for the EU and the IMF struck agreement with the Greek government on spending cuts and tax rises worth 28 billion euros and plans to bring in tens of billions from the sale of state holdings, Athens formally requested financial aid during a two-day summit in Brussels. Greek lawmakers must pass the new austerity plan before June is out, letting eurozone finance ministers “complete work on outstanding elements to allow the necessary decisions to be taken by early…
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on June 23, 2011. Filed under News.
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Posted by
on June 23, 2011. Filed under