A statement after nearly 13 hours of talks, Greece‘s international lenders (the International Monetary Fund and the ECB) agreed to reduce Greek debt by 44.5 billion euros. The eurozone said Tuesday it will be in a position to re-start the paying out of some €44.6 billion ($57.8 billion) in loans to Greece from December 13.
Eurogroup President Jean-Claude Juncker has just started the press conference with the news that a deal has been reached. The full press conference is here.
Mario Draghi, President of the European Central Bank, said markets should pay heed. “It will certainly reduce the uncertainty and strengthen confidence in Europe and in Greece.”
In Athens, Prime Minister Antonis Samaras welcomed it as a great victory. “As Greeks, we fought together. And tomorrow a new day begins for all Greeks.”
The so-called troika of the European Central Bank, IMF and the European Commission, which is the 27-country EU’s executive arm, have twice agreed to bail out Greece, pledging a total of €240 billion ($310 billion) in rescue loans — of which the country has received about €150 billion ($195 billion) so far.
Latest posts by Amy Grant
- Implementing Diversity Recruiting For Increased Efficiency - August 16, 2018
- Pro Tips: Ensure Email Deliverability with the Help of An Email Address Checker - August 13, 2018
- How to Start A Business, And Grow it in Your 70s - August 13, 2018
Leave a Reply
This column does not necessarily reflect the opinion of the editorial board or CEOWORLD magazine, and its owners. To contact the author of this story: firstname.lastname@example.org