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.jpg "EU approved rescue package for debt-ridden Greece")
Euro-zone ministers approved the terms of a 30-billion-euro rescue package for debt-ridden Greece should Athens be unable to finance itself. The International Monetary Fund (IMF) will also contribute at least 10 billion euros to the recovery fund in the first year.
"With today's decision, Europe sends a very clear message that no one any longer can play with our common currency, no one can play with our common fate," Greece's Prime Minister George Papandreou said in a statement.
After a two-hour telephone conference, finance ministers from the euro area said in a statement they were ready to provide financing via bilateral loans centrally pooled by the European Commission as part of a package including IMF financing.
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