Exact(60)
"It lays the groundwork for future rescue packages".
Turkey and Argentina have been through several rescue packages.
He also outlined the importance of – and reasoning behind – the financial rescue packages.
And the scale of the rescue packages means that finance should pay some price.
STOP thinking for a moment about deep recession, trillion-dollar rescue packages and mounting job losses.
There have been Greek rescue packages before, followed by new crises.
The proposed bailout would be around €17bn, much smaller than previous eurozone rescue packages.
Turkey has received a series of rescue packages from the I.M.F.
In the last 10 months, the fund has provided two rescue packages, valued at $48 billion.
The result, he said, has been "uncoordinated national rescue packages and uncoordinated national fiscal packages".
These rescue packages have relieved the eurozone's financial distress, but at a high cost.
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