EU EURO COUNTRIES: Eurozone seals Greek bailout deal

Monday, February 20, 2012

RAYLOKEFebruary 20, 2012 at 9:45 PM
"We have the essentials of the deal," the source said referring to both the write-down of Greek debt held by private creditors and the contribution of eurozone governments.
The euro immediately jumped against the dollar in Asian trading after finance ministers gave their green light to a 230-billion-euro ($300 billion) financial lifeline, in exchange for strict surveillance of the Athens government over coming years.
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