Author Topic: New deal = end of crisis?  (Read 349 times)

0 Members and 1 Guest are viewing this topic.

Offline Maik

  • Administrator
  • Forum Deity
  • *****
  • Posts: 15749
New deal = end of crisis?
« on: Friday, 22 June, 2018 @ 13:00:05 »
Greece hails 'historic' debt relief deal

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.

The International Monetary Fund (IMF), which did not take part in the third bailout, welcomed the debt relief but expressed worries about the long-term situation.