Greece To Receive Second Bailout Loan This Month

Mar 2, 2012
Originally published on March 2, 2012 5:21 am
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RENEE MONTAGNE, HOST:

NPR's business news starts with what else? Greece's bailout.

Greece has almost taken all the action needed to secure a second bailout from the eurozone countries, according to the head European currency group. The first loan can now be paid out by March 20th, as long as Greece completes a bond swap between Athens and private investors, which should cut the south European nation's privately held debt in half. Transcript provided by NPR, Copyright NPR.