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Nov 9, 2011

Greek Rescue Deal & EFSF Enlargement Graphed

Key Points:

  1. Private sector writes off 50% of Greek Government debt.
  2. EFSF bailout fund scaled up to 1 trillion.
  3. European Banks to be recapitalized with 100 billion euros.
  4. Second bailout-package for Greece is 130 billion euros with EFSF-money, instead of 109 billion agreed in July 2011.

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