EU approves bailout loans for Greece, if needed

This article is based on how EU and IMF finally came to an agreement that each EU country and the IMF itself will bail out funds to get Greece out of the economic downfall. Though the amount is not precisely known, but it is estimated that it will be around $28.6 billion. Each country will share the fund according to their GDP and population. This combined effort to get Greece out of the downfall is certainly not the best of the solutions but this is politically sustainable solution. Ultimately it is the euro which would suffer, so the decision is best considering the time and situation. Hope this article will give the readers enough information about the bail-out fund and the rescue effort.