## Key Links for the Greek Financing Package

_IMF Blog, May 2, 2010_

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**Canonical URL:** [Key Links for the Greek Financing Package](https://www.imf.org/en/blogs/articles/2010/05/02/key-links-for-the-greek-financing-package)

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## Bibliographic details
- Published: May 2, 2010

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### Overview
- Date: May 2, 2010
- 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.

### Package components and policy measures
- Budget cuts.
- A freeze in wages and pensions for three years.
- Tax increases to address Greece's fiscal and debt problems.
- Deep reforms designed to strengthen Greece’s competitiveness and revive stalled economic growth.

### Key documents and material (listed items)
- 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

### Reactions and commentary (implicit in listed material)
- Institutional endorsements and commentary from IMF, ECB, Eurogroup ministers, and the Institute of International Finance.
- Media and video interviews featuring IMF and ECB officials, including IMF mission chief and Straus-Kahn.
- Market commentary such as Ficht: "Plan reduces credit risk."

*Key Links for the Greek Financing Package — May 2, 2010*

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## References

- [article on the weekend deal](http://www.imf.org/external/pubs/ft/survey/so/2010/CAR050210A.htm)
- [loan](http://www.imf.org/external/pubs/ft/survey/so/2010/NEW050910A.htm)
- [ast facts](http://www.imf.org/external/np/exr/countryfacts/grc/index.htm)
- [country page](http://www.imf.org/external/country/grc/index.htm)
- [on the program](http://www.imf.org/external/np/sec/pr/2010/pr10176.htm)
- [pre-deal talks](http://www.imf.org/external/pubs/ft/survey/so/2010/new042910a.htm)
- [explains the program](http://www.imf.org/external/mmedia/view.aspx?vid=82498889001)
- [action](http://www.imf.org/external/np/sec/pr/2010/pr10179.htm)
- [stabilization plan](http://www.imf.org/external/np/sec/pr/2010/pr10188.htm)

_Source: https://www.imf.org/en/blogs/articles/2010/05/02/key-links-for-the-greek-financing-package_