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Jan Strupczewski and Renee Maltezou
Jan Strupczewski and Renee Maltezou
Euro zone finance ministers have offered to grant Greece debt relief by giving it longer grace periods and bond maturities from 2018 if the country delivers by then on all reforms agreed under its latest bailout.
The offer, to be worked out in detail by deputy finance ministers by May 24, appears to be a compromise between Germany, which does not believe Greece needs additional debt relief, and the International Monetary Fund, which insists it…
Read the full article at: http://www.afr.com/news/world/euro-zone-looks-to-help-greece-on-debt-from-2018-upon-reform-completion-20160509-goqb4t