BRUSSELS (Reuters) – Euro zone leaders agreed on Thursday to create a joint financial safety net with the IMF to help debt-ridden Greece and to try to restore confidence in their common currency after weeks of wrangling. Greece’s Prime Minister George Papandreou arrives at a meeting of the European Socialists (PES) ahead of a European Union leaders summit in Brussels March 25, 2010. (REUTERS/Francois Lenoir) Under the accord, Athens would receive coordinated bilateral loans from other countries that use the euro and money from the International Monetary Fund if it faced severe difficulties. “Europe has taken a big step in the face of a big challenge,” Greek Prime Minister George Papandreou…
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Europe agrees on Greek safety net with IMF role
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