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Euro area states have pledged to give up to €30 billion this year (Photo: mammal)

Greece formally requests EU-IMF aid

Greece has formally placed a request to activate a €40-45 billion EU-IMF aid package, a day after new budget deficit figures revealed the country's 2009 shortfall to be worse than previously forecast.

The country's finance minister, George Papaconstantinou, transferred the message on Friday (23 April) in a letter addressed to Eurogroup President Jean-Claude Juncker, EU economy commissioner Olli Rehn and European Central Bank President Jean-Claude Trichet.

"In accordance with the...

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Euro area states have pledged to give up to €30 billion this year (Photo: mammal)

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