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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

3 killed after building collapses in north Nigeria
Aerosmith frontman Steven Tyler wins dismissal for good of sexual assault lawsuit
Chinese company to build photovoltaic factory in Saudi port
Nearly 23 pct of Canadian population reported food insecurity in 2022
Canada announces investment to grow semiconductor supply chain
U.S. stocks close higher
Feature: Chinese firms eager to showcase new products at Spain seafood fair
Slovenia's jobless rate falls to historic low
Crude futures settle higher
U.S. dollar ticks up

Others Also Read