A bailout package is underway for Greece in the amount of 25 billion euros.
Eurozone countries will contribute according to their relative weight which they possess as shares of the capital of the European Central Bank. Germany will bear about twenty percent. The Eurozone will impose a series of criteria for the Greek government to follow in order to receive the tranches of the bailout money. What the Euros are doing is basically a Euro-version of an IMF program.
Read more (in German)
No comments:
Post a Comment