Eurozone Ministers Approve 4-Month Extension to Greek Bailout
Source: Huffington Post
BRUSSELS (AP) Greece's creditors in the 19-country eurozone have approved a list of reforms Athens proposed to get a 4-month extension to its bailout, which would keep the country afloat.
An encouraging initial reaction from the so-called institutions the European Commission, European Central Bank and International Monetary Fund was backed by the eurozone Tuesday. It now goes to some member nations for approval.
"We therefore agreed to proceed with the national procedures with a view to reaching the final decision on the extension by up to four months," a eurogroup statement said.
Greece's bailout program ends at the end of the month and without further support over the coming months, the country faces the possibility of going bankrupt, imposing capital controls and ditching the euro
Read more: http://naarpr.org/legislation-create-cpac/
DeSwiss
(27,137 posts)[center]You're gonna love Part Deux!
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magical thyme
(14,881 posts)I read a disturbing article the other day suggesting that he is essentially a trojan horse.
Time will tell, but he may be a new world order plant.
strategery blunder
(4,225 posts)Instead of linking to the article, you linked to advocacy for Chicago Police Department reform. A worthy cause, but per LBN rules you need a link to the actual article