Assigned Blog #4-CWI

Current Event:

Europe and the International Monetary Fund handed Greece $170 billion bailout to avoid cathloc default on Tuesday Febuary 21st, 2012. Ministers are trying to cut Greece's debt to 120.5 percent by 2020 vs the 160 percent that it could increase to in 2020 without the help of Europe. They are hoping to get Greece to a point where they can stand on there own without any help from other countries.

These two pictures are of the IMF Managing Director: Christine Largarde and Greece's Prime Minister: Lucas Papademos

 

 

http://bottomline.msnbc.msn.com/_news/2012/02/21/10463356-deal-done-europe-seals-new-170b-greece-bailout-to-avoid-chaotic-default

 

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