Greece bailout fails to convince investors

Greek bond yields have spiked again, suggesting investors are unappeased by the €45 billion bailout proffered by Eurozone countries and the International Monetary Fund.

The rescue package, announced on April 11, would see euro area member states contributing up to €30 billion in loan commitments. If Greece decides to take the loans, the funds will cost an annual rate of 5% over a three-year period. The IMF has also committed to provide further funding of up to €15 billion.

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