German Chancellor Angela Merkel
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Greece thrown lifeline by eurozone leaders

Greece has been thrown a lifeline by the leaders of the 17 countries which use the euro.

They have struck a deal for a second bailout and a series of measures to prevent the debt crisis from spreading.

The Greek rescue package will be worth more than $150bn - with billions being absorbed by private investors, such as banks.

Chris Morris reports.

  • 22 Jul 2011
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