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WASHINGTON -(Dow Jones)- The White House on Friday said it supported Greece's formal request for financial aid from the European Union and the International Monetary Fund.

"We support that call for that activation," White House Press Secretary Robert Gibbs said. The...

EU and European Central Bank confirmed earlier Friday that debt-laden Greece had formally applied for assistance.

The EU member countries have pledged to offer EUR30 billion in loans to the country this year along with a smaller amount from the IMF. The funds will be dispersed only after the leaders of all 16 countries that use the euro agree to it.

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