June 25, 2011 9:59 AM

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EU bailout Greece from financial crisis

Greece has secured a second bailout from the European Union and the International Monetary Fund worth 150 billion Dollars. The EU and the IMF have again agreed to dig Greece out of its financial hole, on the condition the Greek Parliament passes a bill that would see higher taxes, lower public service salaries and the privatisation of a range of government assets. British prime minister David Cameron says while he is concerned about the financial crisis in Greece, he has told Brussels that Britain will not be contributing to another bailout.

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