| Author (Person) | Atkins, Ralph, Hope, Kerin |
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| Series Title | Financial Times |
| Series Details | 22.4.10 |
| Publication Date | 22/04/2010 |
| Content Type | News |
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Article reports that an unprecedented emergency rescue package for Greece, which only months ago few would have dreamt possible, moved closer to being activated, on the 21 April 2010 as European and International Monetary Fund officials started combing through Greece’s troubled finances. The article discusses whether the planned €45bn package be enough to end Greece's plight? International policymakers must shore up confidence in Greece’s public finances and long-term growth prospects if they are to prevent the country falling into a downward spiral leading ultimately to a default that would damage the 16 countries that share the euro currency. Greece’s challenge is to prevent its debt burden as a share of gross domestic product soaring out of control and the country, in effect, becoming insolvent. |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe, Greece |
