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Mar 15, 2012 10:05 PM IST | Source: Reuters

IMF approves 28bn euro rescue loan for Greece

The International Monetary Fund on Thursday approved a 28 billion euro bailout for Greece.

IMF approves 28bn euro rescue loan for Greece

The International Monetary Fund on Thursday approved a 28 billion euro (USD 36.7 billion) bailout for Greece, part of a broader international rescue package for the debt-strapped nation.

The IMF said it would immediately disburse 1.65 billion euros to Athens.

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