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Summary Venizelos said rescue deal carved out by Eurozone has brought great relief to Greek.
Greek Finance Minister Evangelos Venizelos called the agreement, which includes a new rescue loan of 109 billion euros, a new momentum for Greece. “It is a big relief for the Greek economy, and this relief will gradually pass on to the real economy. But this relief should not in any way mean that we must relax our efforts,” said Venizelos.The finance minister said the Greek banking system was now completely safeguarded and the Greek public should have no concerns.Euro zone leaders agreed on a second rescue package for debt-stricken Greece that risks triggering a temporary default and will give their financial rescue fund broader powers to try to prevent market instability spreading through the region.
