Greece Eyes $1.3B Stimulus

    A pedestrian looks a sign in a shop reading: ''One euro, price haircut'' in Athens on Thursday, March 8, 2012. Greece's race to slice euro 107 billion ($140 billion) off its national debt entered the final stretch Thursday, with markets confident enough private investors will decide to accept a deal to write down the value of their Greek bond holdings. (AP Photo/Thanassis Stavrakis)

    Thanassis Stavrakis / AP Photo

    A day after it secured the biggest debt restructuring in history to avert immediate default, Greece is hoping to get $1.3 billion in stimulus financing from the European Investment Bank this year, a top Greek economic official said Saturday. "I believe in the end it will happen," said Gikas Hardouvelis, top economic adviser to Prime Minister Lucas Papademos. Friday's debt restructuring already opens the way for a $170 billion bailout from the European Union, and Greece is looking for more ways to kickstart its economy.

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