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Czechs approve EUR 1.5bn loan to IMF for eurozone bail-out

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The Czech government has approved extending a EUR 1.5 billion (approximately CZK 38 billion) to the IMF, principally to help enable the fund to provide bailout cash for indebted eurozone countries. The approved size of the loan — half of what the EU had wanted from the Czechs — was proposed by Finance Minister Miroslav Kalousek.

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