IMF board approves nearly $40 billion Greece loan
The International Monetary Fund has put up nearly $40 billion to help bail out Greece and appease investors' fears of a spreading European debt crisis.
The IMF's executive board met in Washington Sunday to approve a three-year, 30 billion euro loan for the debt-plagued nation, part of a $140 billion package (110 billion euros) negotiated with other eurozone countries. (AP)
