EU approves second bailout package for Greece

European Union leaders have cleared the release of long-awaited second bailout package for debt- ridden Greece. This is to enable Athens avoid a default on paying back euro 14.5-billion debts due on March 20. Finance min­isters of the euro, group, during a two-day meeting in Brussels on March 2, 2012, started the process to release the first tranche of the euro 130-billion rescue package.

Leave a Reply

Your email address will not be published. Required fields are marked *