EU Bails Greece out of it's Debt

By jayson harris
February 11th 2010, 3:14pm

EU leaders in Brussels have made a deal with Greece to bail it out of its debt problem.

The greek government is currently spending nearly thirteen percent more than it earns in taxes.

European law prohibit all 16 eurozone countries collectively bailing Greece out, and the details have not yet been made clear.

It's believed that the deal will involve voluntary loans to Greece from member states.

 

 

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