Greece to receive first instalment of bailout

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Greece to receive first instalment of bailout

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05-18-2010, 09:38 AM

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Greece to receive first instalment of bailout

The European Union has announced that the first tranche of financial aid will become available to Greece today.EU Economic and Monetary Affairs Commissioner, Olli Rehn, said €20 billion (£17.6 billion), from the EU and the International Monetary Fund (IMF), will be transferred on 18 May.The funds are designed to help Greece overcome its debt crisis [...]

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