Eurozone Ministers Approve New Greek Bailout
Eurozone finance ministers have approved a new $172-billion bailout for Greece, the second for the debt-ridden country in two years. The financial-rescue package could reduce the Greek government debt from about 160 percent of the country's economic output to just more than 120 percent by 2020 - the maximum debt level considered sustainable by the International Monetary Fund. It also likely averts a Greek default next month on $19 billion in financial obligations, although the country faces years of austere spending SWTOR Power Leveling.
With its previous $145-billion bailout, Greece is now by far the biggest recipient of international aid in the 13-year history of the 17-nation bloc that uses the euro. Yet Greece accounts for just two percent of the eurozone economy. Greek Prime Minister Lucas Papademos called the pact "historic" and said it gives his country a new opportunity to advance its economy. The deal was reached after 13 hours of negotiations in Brussels. Greece's large private creditors agreed to take on a bigger-than-expected 53.5-percent face-value loss on their bonds. More than $141 billion of Greece's debt will be erased.
A potentially costly dispute over the name of the iPad computer tablet may not be the only trademark problem facing Apple Incorporated in China. The China Daily newspaper reports Monday that at least 39 Chinese companies and individuals have attempted to register the names iPhone or iPad as trademarks for products as varied as hiking shoes, veterinary drugs and diapers. The newspaper says six manufacturers, including a flashlight manufacturer, got as far as SWTOR Credits 100k=$1.89 preliminary approval before their applications were challenged.
The disclosure comes as a dispute over the iPad name has led authorities in several cities to seize the hand-held computers from Chinese retailers, threatening iPad sales in the world's largest computer market and, potentially, Apple's ability to export the tablets from the country where they are made.
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