mo4ch:>Greece hails 'historic' debt relief deal
Greece hails 'historic' debt relief deal
22 June 2018
Image copyright
EPA
Eurozone countries have agreed a long-awaited debt relief deal for Greece, which has been hailed as "historic".The deal gives Athens more time to repay €96.9bn (£85bn) worth of loans and extends a grace period during which Greece will pay little or no interest. Greek Finance Minister Euclid Tsakalotos said it sent a signal that Greece was turning a new page.EU Economic Affairs Commissioner Pierre Moscovici said the agreement meant "the Greek crisis ends here".Under the deal, eurozone governments are also giving Greece a final cash loan of €15bn to help it keep paying its bills.
Greece's current bailout programme is due to end in August. The country has had three bailout programmes since 2010, when Greece lost the confidence of the financial markets as a result of its huge budget deficit.The ensuing financial crisis led to a debate over whether Greece would stay in the eurozone, as …
22 June 2018
Image copyright
EPA
Eurozone countries have agreed a long-awaited debt relief deal for Greece, which has been hailed as "historic".The deal gives Athens more time to repay €96.9bn (£85bn) worth of loans and extends a grace period during which Greece will pay little or no interest. Greek Finance Minister Euclid Tsakalotos said it sent a signal that Greece was turning a new page.EU Economic Affairs Commissioner Pierre Moscovici said the agreement meant "the Greek crisis ends here".Under the deal, eurozone governments are also giving Greece a final cash loan of €15bn to help it keep paying its bills.
Greece's current bailout programme is due to end in August. The country has had three bailout programmes since 2010, when Greece lost the confidence of the financial markets as a result of its huge budget deficit.The ensuing financial crisis led to a debate over whether Greece would stay in the eurozone, as …