APPROVES IMF (international monetary funds)
2 BN EURO LOAN TRANCHE TO GREECE
The IMF executive board on 8/7/2011.
Said that it approved a 3.2 billion euros about to sanction to help Greece
discussions due to this month.
The 110 billion euro is part payment of IMF-European Union bailout package crafted to Greece
:I MF Managing Director Christine Lagarde said in a statement
That the program is delivering results important, the economy is rebalancing, the fiscal deficit being reduced and competitiveness improving gradually
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