Politics & Policies

Greece / Agreement reached between euro zone finance ministers and the International Monetary Fund to reduce debt

The Greek government and financial markets were cheered on Tuesday by an agreement between euro zone finance ministers and the International Monetary Fund to reduce Greece’s debt, paving the way for the release of urgently needed aid

March 25 - Greece Independence Day

March 25 – Greece Independence Day (Photo credit: Aster-oid)

loans.

The deal, clinched at the third attempt after weeks of wrangling, removes the biggest risk of a sovereign default in the euro zone for now, ensuring the near-bankrupt country will stay afloat at least until after a 2013 German general election.

“Tomorrow, a new day starts for all Greeks,” Prime Minister Antonis Samaras told reporters at 3 a.m. in Athens after staying up to follow the tense Brussels negotiations…

via Greece, markets satisfied by EU-IMF Greek debt deal | Reuters.

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Discussion

2 thoughts on “Greece / Agreement reached between euro zone finance ministers and the International Monetary Fund to reduce debt

  1. demat account's avatar

    I think thats a good way to reduce the Greece debts

    Posted by demat account | October 20, 2020, 5:32 am

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  1. Pingback: Greece / 150,000 civil servants jobs to be cut by 2015 | Job Market Monitor - March 12, 2013

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