Details on the Greek Bailout

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How much will it cost Europe to keep Greece out of bankruptcy? $172 billion, that's how much. EU finance members gave approval to a second bailout package in Brussels overnight but Athens has to accept deep spending cuts and permanent monitoring. The chairman of the Euro group says the deal would secure Greece's future in the euro zone, but required the efforts of all parts of Greek society.

Constantine Michalos is the president of the Athens Chamber of Commerce and Industry,