Photo Gallery: A Lifeline for Greece
Foto: ERIC FEFERBERG/ AFP
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Photo Gallery: A Lifeline for Greece

Saving the Euro Sarkozy Gets His European Monetary Fund

European leaders on Thursday pushed through a second bailout package for debt-stricken Greece, one which includes a surprisingly high level of private participation. In addition, the euro-zone backstop fund has been given new powers, making it look suspiciously like a European IMF.