Europe seals new Greek bailout
China Daily | Updated: 2012-02-22 08:20
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Luxembourg's Prime Minister Jean-Claude Juncker rubs his face during a news conference after a meeting of eurozone finance ministers at the EU Council building in Brussels on Tuesday. Virginia May / Associated Press |
BRUSSELS - Eurozone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default in March after persuading private bondholders to take greater losses and Athens to commit to deep cuts.
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