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Eurozone Finance Chiefs Approve Greek Second Bailout: Reports

02/20/2012  10:26

Eurozone Finance Ministers have approved a second bailout package for Greece, reports said citing statements by EU officials.

The bailout program involved financing worth EUR 130 billion. Meanwhile, Reuters said that the meeting agreed on a debt reduction target of 121 percent of GDP for the country by 2020.

The new bailout money would leave Athens with sufficient funds to repay a EUR14.5 billion bond due on March 20.

(Market News Provided by RTTNews)

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