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Tag Archives: Elena Selgado

EU Announces $1Trillion Debt Crisis Bailout

EU Announces $1Trillion Debt Crisis Bailout

In an effort to stem the deepening collapse from the Greece Sovereign Debt crisis, finance ministers from the European Union agreed on a deal that would provide $560 billion in new loans and $76 billion under an existing lending program. Elena Salgado, the Spanish finance minister, who announced the deal, also said the International Monetary Fund was prepared to give up to $321 billion separately.

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