8allouL package

O t110 bllllon (abouL $143 bllllon) package was announced on May 2 2010
O @e package alms Lo prevenL Creece from defaulLlng on lLs debL obllgaLlons and Lo sLem
conLaglon of Creece's crlsls Lo oLer Luropean counLrles lncludlng orLugal Spaln lreland
and lLaly
O n May 2 2010 Lurozone flnance mlnlsLers and Le lMl agreed on a Lreeyear program of
loans Lo Creece LoLalllng t110 bllllon (abouL $143 bllllon) t80 bllllon (abouL $103 bllllon)
from Lurozone member sLaLes and t30 bllllon (abouL $40 bllllon) from Le lMl
O @e package could reporLedly provlde t30 bllllon (abouL $40 bllllon) from Le Lurozone and
t10 bllllon (abouL $13 bllllon) from Le lMl ln 2010 Lo elp ensure LaL Creece meeLs lLs
lmmedlaLe paymenL obllgaLlons
lMl ltepoeotly AskeJ Ooestloos Cteece Moy 11 2010
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looos to Cteece keotets Moy 6 2010 lMl Joto ftom lMl ltepoeotly AskeJ Ooestloos Cteece Moy 11 2010
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O Lurozone leaders agreed ln !uly 2011 on a new t109 bllllon ($137 bllllon) ballouL for Creece
and new sLeps Lo prevenL lLs debL crlsls from meLasLaslzlng across Le ConLlnenLln a plan
expecLed Lo Lrlgger Le flrsL debL defaulL by a naLlon uslng Le common currency
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O @e lnspecLors of Le socalled Lrolka Le Luropean unlon (Lu) leaderslp Le
lnLernaLlonal MoneLary lund (lMl) and Le Luropean CenLral 8ank (LC8) agreed Lo
release an addlLlonal $11 bllllon ln reLurn for a package of furLer Creek ausLerlLy measures
bttp//wwwlbtlmescom/ottlcles/229891/20111012/qteeceeotoeotozooeJebtctlslssovetelqoJebt
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