{"id":689927,"date":"2010-03-12T13:23:24","date_gmt":"2010-03-12T18:23:24","guid":{"rendered":"http:\/\/www.businessinsider.com\/its-official-the-eu-will-bail-out-greece-2010-3"},"modified":"2010-03-12T13:23:24","modified_gmt":"2010-03-12T18:23:24","slug":"its-official-the-eu-will-bail-out-greece","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/689927","title":{"rendered":"IT’S OFFICIAL: The EU Will Bail Out Greece"},"content":{"rendered":"

\"greece<\/p>\n

Germany has finally capitulated and has agreed, with the rest of the eurozone, to a multibillion-euro bailout of its most embattled member.<\/p>\n

The Guardian<\/a>: The eurozone has agreed a multibillion-euro bailout for Greece as part of a package to shore up the single currency after weeks of crisis, the Guardian has learnt.<\/p>\n

Senior sources in Brussels said that Berlin had bowed to the bailout agreement despite huge resistance in Germany and that the finance ministers of the “eurozone” – the 16 member states including Greece who use the euro – are to finalise the rescue package on Monday. The single currency’s rulebook will also be rewritten to enforce greater fiscal discipline among members.<\/p>\n

The member states have agreed on “co-ordinated bilateral contributions” in the form of loans or loan guarantees to Greece if Athens finds itself unable to refinance its soaring debt and requests help from the EU, a senior European commission official said.<\/p>\n

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