Greece imf bailout 2012 03 15

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International Monetary Fund approves loan as part of 2nd €170 billion rescue fund

A caretaker government will be in charge until new elections on June 17.

Standard & Poor’s analysts say the chance that Greece will leave the euro area in the next few months is 1 in 3.

Euro zone officials and the International Monetary Fund have reached a deal on a new debt target for Greece.

The EU and Greek flags fly in front of the Parthenon in Athens, Greece on February 17, 2012.

Oli Scarff

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