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Eurozone finance ministers endorse Greek bailout

منذ 3 سنه
2015-08-15 08:18:51
Eurozone finance ministers endorse Greek bailout

Eurozone finance ministers in Brussels have approved the first $29-billion payment of a $93-billion bailout deal for Greece after the Greek Parliament approved the package earlier Friday


 

Eurogroup chairman Jeroen Djisselbloem said that there were “differences” among foreign ministers of Eurozone, but they “managed to solve the last issues.”Greece needs the money from international creditors by August 20, when it must repay about $3.5 billion in debt to the European Central Bank


 

The Eurozone decision saved Greece from the default on its debts and helped to avoid its exit from the single currency Eurozone


 

International Monetary Fund chief Christine Lagarde, who took part in the meeting by teleconference, said in a statement that Greece must be given more debt relief."I remain firmly of the view that Greece's debt has become unsustainable and that Greece cannot restore debt sustainability solely through actions on its own," she said.Voa News

 

 













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