Euro zone finance ministers on Wednesday formally approved the second 130-billion-euro financial bailout for debt-laden Greece and ordered the release of the first instalment of 39.4 billion euros to avert a bankruptcy.
They appreciated the steps taken by the Greek government so far to implement wide-ranging reforms and tough austerity measures agreed with the European Union and the International Monetary Fund (IMF) in return for the assistance.
From: http://ping.fm/NhKJR
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