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EU Lays Groundwork for Greek Lifeline, Denies Threat of Default - Bloomberg.com

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Officials from the 16 countries using the euro worked out a strategy for emergency support amid hopes that Greece’s plan for 4.8 billion euros ($6.6 billion) in tax increases and wage cuts will stave off fiscal disaster. “We clarified the technical arrangements that would enable us to take
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EU Lays Groundwork for Greek Lifeline, Denies Threat of Default

Article image
Officials from the 16 countries using the euro worked out a strategy for emergency support amid hopes that Greece’s plan for 4.8 billion euros ($6.6 billion) in tax increases and wage cuts will stave off fiscal disaster. “We clarified the technical arrangements that would enable us to
Article image