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Thursday, December 13, 2012

Greece finally to get some more aid money.

 The Eurogroup has finally agreed to release the long-delayed latest tranche of Greece's bailout. The country will receive €49.1B between now and March, including €34.3B in the coming days. The money will help Greece finance a bond buyback that retired $41.5B worth of government debt, and which, along with other measures, should cut Greece's debt burden to a mere 124% of GDP by 2020

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