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Eurogroup agrees on significant debt relief measures for Greece
After lengthy discussions in Luxembourg on Thursday, the Eurogroup arrived at a decision on significant debt relief for Greece that ticks many of the boxes the government had been hoping for but which will still leave Athens with a significant exposure to the International Monetary Fund.
The eurozone finance ministers agreed to extend the loans provided as part of Greece’s second bailout (EFSF) by 10 years and to defer interest payments and amortisation for 10 years. In the build-up to the agreement, Finance Minister Euclid Tsakalotos h...
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