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Bailout Fund Approves Loan Installment to Greece

Greece was formally cleared on Monday to get its next bailout loan, worth 2 billion euros ($2.1 billion billion), after it agreed to take new austerity measures. The eurozone bailout fund, the European Stability Mechanism, said it had agreed to release the next installment of the country's bailout program, following a 13 billion euro ($13.8 billion) payout in late August. The approval was expected after Greece's parliament last week approved new austerity measures, which...

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