Author (Person) | Peel, Quentin, Spiegel, Peter |
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Series Title | Financial Times |
Series Details | 1.3.12 |
Publication Date | 01/03/2012 |
Content Type | News |
Eurozone members delayed approval on the 1 March 2012 of more than half of the €130bn bail-out for Greece after demanding that Athens show more proof that it would implement hastily agreed spending cuts and reforms. Finance ministers from the 17-country currency bloc meeting in Brussels signed off on funds to underpin a €206bn restructuring of privately held Greek debt. But they requested a 'detailed assessment' by European Union and International Monetary Fund officials by the next week of implementation of 38 specific measures before handing over the remaining €71.5bn to Athens. |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe, Greece |
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