EU formally approves second Greek bailout

Euro-area senior officials gave formal approval to the second Greek bailout, a European official said.

14th March, 2012
EU formally approves second Greek bailout
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Euro-area senior officials gave formal approval to the second Greek bailout, a European official said.

Luxembourg Prime Minister Jean-Claude Juncker, who leads the group of 17 euro-area finance ministers, will issue a statement by early afternoon, the official said on condition of anonymity. The €130 billion package received political approval earlier this week from the euro ministers at a meeting in Brussels.

“The situation has changed for Greece,” Greek Finance Minister Evangelos Venizelos told reporters after...

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