Greece announced May 2 it had reached agreement with the International Monetary Fund (IMF), the European Commission, and the European Central Bank (ECB) on a targeted program to stabilize its economy, become more competitive, and restore market confidence with the support of a €110 billion (about $145 billion) financing package.
Negotiators over the weekend wrapped up details of the package, involving budget cuts, a freeze in wages and pensions for three years, and tax increases to address Greece's fiscal and debt problems, along with deep reforms designed to strengthen Greece’s competitiveness and revive stalled economic growth.
Here's links to key documents and material about Greece:
Greek Prime Minister announces agreement with the EU and the IMF
IMF Survey magazine article on the weekend deal
IMF approves loan
The IMF and Greece: fast facts
IMF and Greece: country page
IMF Managing Director on the program
Eurogroup ministers' statement
Straus-Kahn and Merkel: pre-deal talks
Video: IMF mission chief explains the program
Institute of International Finance reaction
Video: Trichet sees program as decisive
Video: IMF mission chief on CNBC
Ficht: "Plan reduces credit risk."
ECB action
IMF welcomes euro stabilization plan
Straus-Kahn interviewed by Euronews
