Euro zone hails 'breakthrough' with Greece, IMF debt deal


  • World
  • Wednesday, 25 May 2016

A protester waves a Greek flag during a demonstration outside the parliament building in central Athens, Greece where lawmakers were discussing controversial tax and pension reforms May 8, 2016. REUTERS/Alkis Konstantinidis

BRUSSELS (Reuters) - The euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a breakthrough deal that won a provisional commitment from the IMF to return to taking part in the bailout for Athens, heartening investors.

After talks that lasted into the small hours of Wednesday, Eurogroup finance ministers gave a nod to releasing 10.3 billion euros (7.8 billion pounds) in new funds for Greece in recognition of painful fiscal reforms pushed through by Prime Minister Alexis Tsipras's leftist-led coalition, subject to some final technical tweaks.

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