Euro Zone hold backs part of the Greek bailout

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Source: BBC
The Euro Zone announced that it would hold back 1 billion Euros of the latest payment of the rescue fund to Greece. The move followed recent elections in the country that resulted in massive support of the anti-austerity parties. The Euro Zone said it would pay only 4.2 billion Euros of 5.2 billion Euros that are due to Greece. The bailout fund reported that Greece does not need remaining funds in May.


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Thu, 10 May 2012 06:51:10 GMT

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