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After the bailout: Is Greece still doomed?

This week, the so-called troika of lenders — the European Union, the European Central Bank (ECB), and the International Monetary Fund (IMF) — agreed to extend another massive aid package to debt-plagued Greece, its second since 2010. The $170 billion bailout comes just in time, forestalling Greece's default on a $19 billion debt payment due in March. Many European leaders are breathing a sigh of relief, since a default could have led to chaos in financial markets and the dissolution of the euro currency bloc.
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EU Fin Mins Approve Disbursement Of $11 Billion In Bailout Aid For Greece

Business & Finance : Business Insider: Money Game (3 years ago)

Euro are finance ministers just approved the sixth tranche of bailout aid from Greece's first bailout last year. The "troika"—European Commission, European Central Bank, and International Monetary Fund—is set to disburse these €8 bi... Read Post

Europe Blinks: Troika Willing To Change Terms Of Greek Bailout Deal

Business & Finance : Zero Hedge (3 years ago)

And so it all begins anew: From Bloomberg: IMF, EU, ECB Open to Changes in Greek Aid Deal, Real News Says The so-called troika of the European Union, the International Monetary Fund and the European Central Bank is willing to make s... Read Post

Now Greece Probably WILL Receive $8 Billion In Funding From ECB/EU/IMF Troika

Business & Finance : Business Insider: Money Game (3 years ago)

ECB President Jean-Claude Trichet just announced that Greece most likely will receive the next round of funding from the European Central Bank, European Union, and International Monetary Fund. Doubts about receiving this funding sur... Read Post

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