By Max Clarke
Greece has been granted more short-term help amidst increasing civil unrest, as the IMF and EU agreed to a further €110 billion lifeline to stem the country’s worsening balance.
Prime Minister David Cameron has spared the UK from contributing directly to the latest bailout, arguing that the cost should be borne by other Eurozone countries. The UK’s IMF contributions will, however, be used in part to pay for part of the bail out.
Markets across the world have reacted positively to the news, following days of unease as confidence returned to traders who had anticipated knock on effects from the country’s collapse on other Eurozone members.
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