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Greece builds on vote victory in race to cut and privatize
ATHENS (AFP) – Greek ministers raced on Wednesday to meet a two-week deadline for budget cuts in return for EU-IMF cash to pay current bills and contain the eurozone crisis, hours after winning a confidence vote. While the government managed to prevent any defections as it won the confidence motion…
Europe approves 110-billion-euro Greek bailout
European governments Sunday endorsed an unprecedented 110-billion-euro bailout to save Greece from bankruptcy and shore up the single currency after Athens agreed to draconian spending cuts. The first installment of the eurozone-IMF rescue package will be paid within the next few weeks, with the rest spread over three years and…
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