Greece bailout: Cabinet approves draft bill for fresh cuts
Greece's cabinet has approved fresh austerity measures demanded by the eurozone and IMF in return for a 130bn-euro…
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International Monetary Fund (IMF)
International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity.
European Central Bank bows to reality over Greek bonds
It seems the European Central Bank has bowed to the reality that it could not expect to make a profit on the Greek…