Greece debt continues to threaten the euro that provides the basis for EU economic exchange. In June 2011, a second European rescue fund of €109 billion was approved by the Eurozone Countries and the I.M.F. to rescue Greece. The I.M.F. share of this bailout was €3.3bn. The European rescue fund came from the €440bn European Financial Stability Facility that the European Union countries had approved as a general rescue fund May 2010. The IMF had provided an additional €250bn to the EFSF European rescue package. (more…)