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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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Here's a 3-way roadmap for the situation in Greece

Business & Finance : Business Insider: Clusterstock (23 hours ago)

Greece's new finance minister, Yanis Varoufakis, announced Friday that the country won't be cooperating with its European financiers. The IMF, the European Commission, and the ECB — collectively known as the troika — got together to... 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

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

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