Multi-Billion Euro Bailout Becomes Reality Greece Asks for Loans from the EU and IMF

After months of battling the markets, Greece raised the white flag on Friday. Prime Minister George Papandreou on Friday officially requested financial aid from his partners in the euro zone and the International Monetary Fund. In Germany, Chancellor Merkel pledged voters the aid would come with "very strict conditions."
A minting machine at the Greek National Mint: Beleaguered Athens has asked the EU and IMF for a bailout.

A minting machine at the Greek National Mint: Beleaguered Athens has asked the EU and IMF for a bailout.

Orestis Panagiotou/ dpa
jas -- with wires