EU and IMF clear Greece for the next round of rescue loans

08/5/2010 | Guardian (London), The · Economist (free content), The

A team from the EU and the International Monetary Fund spent weeks evaluating Greece's austerity measures, then described the progress as "impressive." The EU, the IMF and the European Central Bank said in a joint statement that Greece has "made a good start." The finding allows Greece to draw additional funds through Europe's rescue program at rates less than those demanded by the sovereign-debt market.

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Guardian (London), The · Economist (free content), The

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