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Euro-finance ministers have agreed a three-year emergency finance programme for Greece

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Janine RabeApril 12, 2010

Finance ministers from the 16 countries who share the euro currency have agreed a three-year emergency finance programme for Greece if it calls for help. Interest rates will be about five percent, with up to 30 Bbillion Euros already available in bilateral loans. This safety net is a back-up plan in case Greece cannot find ways to refinance its debts and slash its budget deficit.

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