For several months, Greece has been in the midst of debt
struggle as euro zone’s economy has not been really pleasant. On Monday,
finance ministers of euro zone were perched to taking the country back from the
dangerous margin through approving a second huge bailout. However, the approval
has strict limitations and exchange for stern measures on austerity.
Evangelos Venizelos, Finance Minister of Greece, is firmly
confident that his government was able to meet the entire conditions for the
release of second bailout.
In addition, Francois Baroin, Finance Minister of France,
stated during a meeting held in Brussels that the whole conditions were placed
for the bailout worth $172 billion or €130 billion. The New York Times noted
the package as a view to determine private investors who will be taking sheer
losses towards their holdings in the midst of debt crisis in Greece.
Venizoles stated, “The people of Greece deliver the message
that necessary sacrifices have been made and will be made in order for our
country to reclaim it equal position in the family of Europe.
Meanwhile, investors of TNT Express are up for a higher bid
as the company’s shares went up to 50 percent on Monday.
On Friday, the delivery express confirmed its rejection of
UPS’ offer which is €9 a share. With the biggest delivery company’s offer, TNT
is valued at €4.9 billion or $6.45 billion. However, a source who wished to
remain unidentified said that both companies are still under negotiations.
On Monday, shares of TNT increased from €6.3 on Friday to €9.8
at early hours of trading.
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