Eurogroup agrees on significant debt relief measures for Greece

EconomyProgramme Tags: Debt, ECB, Eurogroup, IMF

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 Greeceā€™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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