Greece gets financial lifeline

Eurozone and IMF to step in with loans if Greece fails to secure own financing.

    Eurozone countries and the International Monetary Fund have agreed on a plan to help Greece out of its debt crisis.

    The 16-nation bloc and the world financial institution will together provide loans if Greece fails to raise enough money from the international markets.

    As Al Jazeera's Alan Fisher reports, the rescue plan comes with strict conditions, and is to be used only as a last resort.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    How different voting systems work around the world

    How different voting systems work around the world

    Nearly two billion voters in 52 countries around the world will head to the polls this year to elect their leaders.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    The great plunder: Nepal's stolen treasures

    The great plunder: Nepal's stolen treasures

    How the art world's hunger for ancient artefacts is destroying a centuries-old culture. A journey across the Himalayas.