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Three years to save Euro
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 395 no. 8678 (Apr. 2010)
,
page 10.
Topik:
The euro
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.60
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The bail-out for Greece has merely bought some time. Europe’s government must use it wisely. For all her promises to stand firm against a subsidized rescue for Greece, Germany’s Angela Merkel wobbled as soon as financial markets gave off a whiff pf serious panic. On April 11th, after spreads on Greeek debt had soared and the firstsigns emerged of a possible run on its banks, euro-area leaders agreed to offer the beleaguered Greek government up to €30 billion ($41 billion) of three-year loans, at an interest rate of 5% . that is not cheap, but it is much less than private investors were demanding. Add in a further €15 billion that the IMF is likely to provide, and Greece has been promised enough help to cover its financing needs for 2010.
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