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Sunday, April 11, 2010

Greece Offered 30 Billion Euros of Euro-Area Loans

(Bloomberg) -- The 16 nations sharing the euro agreed to offer Greece a standby facility consisting of 30 billion euros of bilateral loans, Luxembourg Prime Minister Jean-Claude Juncker, who chairs the panel of euro-area finance ministers, tols reporters in Brussels today.

The interest due on the loans won’t contain any elements of subsidizing, Juncker said.

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