Daily Archives: May 2, 2010

The Greek government agreed details of an international EU and IMF bailout package late last night. The package, expected to be worth €120bn over three years, is designed to prevent the Greek government defaulting on its debt.

The Greek PM is expected to confirm details of the package during a televised cabinet meeting this morning. The deal is due to be approved this afternoon at an emergency meeting of eurozone finance ministers (1400 GMT). Read more