Arab Today, arab today greek stocks rise on 2nd bailout announcement
Last Updated : GMT 17:30:35
Arab Today, arab today
Arab Today, arab today

Greek stocks rise on 2nd bailout announcement

Arab Today, arab today

Arab Today, arab today Greek stocks rise on 2nd bailout announcement

Athens - SPA

Greek shares are posting gains following the announcement of the country\'s second bailout deal. The benchmark index on the Athens Stock Exchange was up 0.4 percent just after trading opened Friday, AP reported. The eurozone countries and the International Monetary Fund said Thursday that they will give Greece a second bailout worth ?109 billion ($155 billion), on top of the ?110 billion granted a year ago. The new eurozone rescue loans will carry a generous 3.5 percent interest rate and with maturities of between 15 and 30 years. Greece\'s Ta Nea newspaper hailed the deal, but liberal Eleftherotypia said the agreement would mean \"loan sharks bleeding the people for 30 years.\"

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