Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Monday, February 20, 2012

Greece Agrees To Escrow

The media report that Greece has agreed to an escrow account, whereby bailout funds will be deposited and distributed as and when Greece honours its part of the bailout deal; the escrow account formally subordinates national funding needs to those of creditors.

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