Sunday, April 11, 2010

EU set to offer Greece 30 billion euros in aid

This is a follow up on what finally happened to Greece and EU agreement on the bail-out aid. EU has finally sactioned 30billion Euro's in aid a lot higher than of predicted 27.2 billion dollars. The interest rate has been set at 5% and additional 10 billion dollars might be given by IMF.
Greece today in such a situation as US had been a year ago. So it can be predicted that it will take a bit time to get the economy moving once again. But the good news is from now on there will be no falling down; the rise might be slow but it won't be worse.

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