Home > Terms > English, UK (UE) > Greece debt deal

Greece debt deal

On March 8, 2012, Greece announced that it had closed a groundbreaking deal with private lenders to prevent Greece's default. The deal will allow for bailout from the International Monetary Fund (IMF)and will lower interest rates in other EU countries. If the deal is unsuccessful, a default by Greece could potentially force the country out of the EU monetary union.

This is auto-generated content. You can help to improve it.
0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Astronomy Category: Mars

Maven

Maven — short for Mars atmosphere and volatile evolution mission — it's a spacecraft launched by NASA in November 2013 to the orbit of Mars. ...

Contributor

Featured blossaries

My Favourite Terms

Category: Languages   2 1 Terms

Daisy

Category: Animals   4 1 Terms