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Liputan6.com, Brussels: The first package of loans amounting to 30 billion euros, or around Rp 360 trillion for the Greeks who are experiencing crisis, finally approved by International Monetary Fund (IMF) in Brussels, Belgium, Sunday (9 / 5).

At a press conference after an emergency meeting, IMF First Deputy Director John Lipsky said, this assistance is the first of a total financing package of assistance as much as 110 billion euros, or about USD 1.3 billion and help several European countries, worth U.S. $ 140 billion, equivalent to USD 1, 2 billion. Total loans will be granted in phases over three years.

Former JP Morgan Vice President added that loans or debts are primarily based on the Greek government's financial plan proposals to rebuild from the destruction of economics, including cutting spending and increasing structural reforms. Ultimately, this decision can help to stabilize the currency and curb the euro and the crisis in Greece. (ADI / ANS / NHK)