Greece Asks for Activation of Aid Plan
Greece on Friday asked for the activation of a joint eurozone-International Monetary Fund rescue package.
Updated from 6 a.m. EDT
ATHENS (
) -- Greece formally asked for the activation of a joint eurozone-International Monetary Fund rescue package.
Prime Minister George Papandreou made the announcement asking for the activation of the plan Friday morning.
Japan Looks To Expand Exports (Forbes)
The rescue package will provide Greece with loans from other eurozone countries of 30 billion euros at interest rates of about 5% and about 10 billion euros from the IMF, the
Associated Press
reports.
-- Reported by Joseph Woelfel in New York.
Follow TheStreet.com on
and become a fan on
