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Greek Bailout Cost Hampers Prospects of Deal
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The cost of the first bailout for Greece of May 2010 is 53 billion euros for eurozone funds and 20 billion euros for IMF funds, according to the European Commission. The cost of the second bailout for Greece of March 2012 is 142 billion euros for eurozone funds and 12 billion euros for IMF funds. The eurozone took back 11 billion euros following the failure of negotiations.
The cost of the Greece bailouts of 2010 and 2012 by July 2015, with a third bailout planned
07/10/2015
Under the first bailout of Greece of May 2010 the eurozone funding was 53 billion euros and the IMF's funding 20 billion euros, according to the European Commission. Under the second bailout of Greece in March 2012 the eurozone funding was 142 billion euros, and the IMF funding 12 billion euros. The eurozone withdrew $11 billion of the funding in the second bailout with failure of negotiations.
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Germany's Constitutional Court and EU bailouts of Greece, Portugal, Ireland and other countries in the EU. The Court ruled that the bailouts were legal under German law. It also required that future bailouts would have to be approved by a parliamentary committee. This does not preclude bailout loans as the Merkel government has support for its moderate position in the parliamentary committees.
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German Court to Weigh Bond Buying by E.C.B.
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Greek Bailout Cost Hampers Prospects of Deal
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