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Mon 04 Apr 2010Irish share of EU rescue deal for Greece could be €500m
MINISTER FOR Finance Brian Lenihan will introduce legislation within weeks to empower the Government to advance as much as €500 million in loans to Greece as part of a €45 billion package to help it overcome its debt mountain.
Euro zone countries bowed to relentless market pressure yesterday to strike terms for a €30 billion credit line for Greece, a sum that would be topped up with a further €10-15 billion from the International Monetary Fund (IMF).
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