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UK Today News: International Monetary Fund Approved 30 Billion Loan For Greece

IMF approves 30 Billion Loan for Greece: Greece on Sunday got approved by the International Monetary Fund of some of 30 billion Euro. This loan for Greece is a part of the European Union efforts to help in countries economical crisis.

IMF approves loan

The Deal made is for 3 years and pumps in 5.5 billion euros to the battered economy that Greece is facing.

Greek Prime Minister George Papandreou has blamed the economic crisis on corruption “on all levels.”

On Sunday, Greek Prime Minister George Papandreou blamed the economic crisis on corruption “on all levels.”

In a statement released by George Papandreou,

“The same economic crisis that we’re living through is proof that these phenomena drove our country to unbearable debt and deficit and stagnated development,”

“That is why it is our obligation to improve, with all of our might, how the political system operates and for society to not shape a general climate that is against that system and against the institutions which can ultimately only harm the country and citizens themselves.”

The police and thousands of demonstrators had clashes and that resulted in deaths of around 3 people.

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