Greece bailout package set at 110bn euros

Greece bailout package set at 110bn euros

pbr Greece has agreed a 110 billion euro bailout package with the IMF and its eurozone partners.br ppbr Dominique Strauss-Kahn, the head of the IMF, said the Fund would contribute 30 billion euros to the total package and the rest would come from other members of the European single currency zone.br ppbr In exchange for the rescue plan - the largest assembled for any country - Athens announced spending cuts and tax increases totaling $30 billion euros, on top of austerity measures already announced.br ppbr The announcement raised fears of further unrest, following a day of violent demonstrations in the Greek capital.br ppbr A bomb exploded at a branch of HSBC bank in Athens on Sunday, damaging its entrance but causing no injuries.br ppbr Police said the device appeared to be a home-made bomb made of gas cannisters and fuel, a crude weapon favoured by anarchists in Greece.


User: ODN

Views: 119

Uploaded: 2010-05-02

Duration: 00:55

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