IMF agrees to give Greece $4.2 billion

Give?

The European Union and the IMF Fund had said they would refuse to pay out the next installment unless Greek lawmakers approved a new five-year package of $40 billion worth of spending cuts and tax increases and a $72 billion privatization plan before the end of June. Greek lawmakers delivered what was asked of them, cheering up global financial markets but provoking violent demonstrations in the streets of Athens.

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