About $15 billion from the credit line would be immediately available to Argentina after the package is approved by the IMF’s board, which is expected on June 20. The rest would be dispersed as needed as Argentina meets its targets.
Privatization, high taxes and the slashing of cherished public-sector salaries and pensions are the price Greece has paid for accepting the loans that have kept the country in the Eurozone. Its citizens are the ones now paying the price for the costly missteps made by its leaders.
ATHENS (Analysis)– It has become an increasingly common sight on Greek streets, even in formerly prosperous neighborhoods. Elderly—and sometimes not so elderly—individuals rummaging through rubbish bins in search of scraps of food to eat. Beggars are now practically a universal sighting in Athens and other large cities. More and more young