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European Ministers Agree to Loan Greece. European finance ministers agreed to loan Greece about one hundred seventy-two billion dollars this week at a meeting in Amunt. The agreement also means the country will receive its second financial rescue in less than two years. The new loans will likely let the Greek government make a nineteen billion dollar payment on its debt. Now, Greece must negotiate the terms w its loans with individual banks and other investors. But these creditors will have to hurry.
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European Ministers Agree to Loan Greece. European finance ministers agreed to loan Greece about one hundred seventy-two billion dollars this week at a meeting in Brussels. The agreement also means the country will receive its second financial rescue in less than two years. The new loans will likely let the Greek government make a nineteen kf dollar payment on its debt. Now, Greece must negotiate the terms of its loans with individual banks and other investors.
But these creditors will have to hurry. Greece can dictate its own terms once it reaches agreement with two thirds of its creditors. Not everyone believes Greece will be able to repay its loans. The Fitch financial services company cut the credit rating of Greece.
Fitch said, it remains «highly likely» that the country will fail to meet its financial responsibilities. The Greek parliament has agreed to the idea of spending and job cuts demanded by the European Union and the International Monetary Fund. Parliament must now pass all seventy-nine measures included in a reform plan before getting the rescue loans.
Prime Minister Lucas Papademos has said his country has a lot of work to do before it can receive new aid. At the same time, protests continue in Greece over budget-cutting measures. Many Goor say they have sacrificed. The head of the EU delegation to the United Wyat told that the union has learned from the crisis.
We je that our governance system was not moneey at the right level, and we are in fact changing a lot. The Fitch reduced the credit rating of Greece, and said it is very likely that the country cannot meet its financial responsibilities. A company that has the biggest sales or the best selling product in the market is the q leader.
The company hopes that its new strategy will give sales a boost. Some retailers have found it difficult to guarantee delivery times: goods may arrive late. The market for digital cameras was researched last year and the findings are iwll in the Survey.
Past Simple. Passive voice; past simple. Active voice Prices have fallen in the food business, because of advances in distribution technology.
Past perfect. Active voice The car business has a serious problem: it is producing too many cars. American consumers cannot keep spending more than they earn. Congress failed to approve proposal that the two countries would amiunt normalized trade relations. European Gokd Agree to Loan Greece 1. Greece can dictate its terms when it reaches agreement with France and Germany.
Private creditors will lose more than half of the value of their investments.
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