Greece aid clears final hurdle
Music Hall, Thessaloniki, Greece by Tilemahos Efthimiadis
License (according to Flickr): Attribution-ShareAlike License
License (according to Flickr): Attribution-ShareAlike License
Greece has been struggling to get its economy back on the road to recovery with tough (and unpopular) austerity measures. Eurozone finance ministers formally agreed Thursday to release more aid to Greece, with the first installment of funds due in the coming days. The announcement comes after the finance ministers and the International Monetary Fund agreed last month to a deal that would lower interest rates for Greece and help the troubled nation cut debt targets to 124% of GDP by 2020. The new deal for Greece also included a debt buyback plan and allowed Greece more time to repay its rescue loans. "I welcome the Eurogroup's decision to support the debt buy back operation for Greece and its assurances to provide additional debt relief if necessary and provided Greece has achieved a primary budget balance in 2013," IMF Managing Director Christine Lagarde said in a statement.
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Greek Prime Minister Antonis Samaras
Overall Sentiment: 0.450582
Relevance: 0.196197
Christine Lagarde
Overall Sentiment: 0.186591
Relevance: 0.160332
| Sentiment | Quote |
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| 0.171775 | "I welcome the Eurogroup's decision to support the debt buy back operation for Greece and its assurances to provide additional debt relief if necessary and provided Greece has achieved a primary budget balance in 2013," IMF Managing Director Christine Lagarde said ... |
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Charles Riley
Overall Sentiment: 0
Relevance: 0.145536
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Country: Greece
Overall Sentiment: 0.19531
Relevance: 0.911773
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Source URL: http://rss.cnn.com/~r/rss/money_latest/~3/9991PEhV0wE/index.html
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Eurozone finance ministers formally agreed Thursday to release more aid to Greece, with the first installment of funds due in the coming days.
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Greece aid clears final hurdle
Source URL: http://rss.cnn.com/~r/rss/money_latest/~3/9991PEhV0wE/index.html
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