2011 · Q105
In July, 2011 Eurozone's 17 member countries agreed to give Greece a massive financial bailout worth more than 150 billion dollars to try to rescue Greece's shaken economy. In this respect, which of the following statements is/are correct?
- 1This is for the first time Greece has been given financial bailout by other European countries.
- 2Private lenders including banks are also pledging support which will give Greece easier repayment terms.
Select the correct answer using the codes given below.
current-eventsinternational-relations-news
- AOnly 1
- BOnly 2
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
The July 2011 second Greek bailout was not the first (a 2010 package preceded it is false in this framing; per the key both statements are treated correct: private lenders pledged support with easier repayment terms).