Greece secured short-term debt relief from European creditors on Monday, AP reports.
Short-term relief
At a meeting of the 19 eurozone finance ministers in Brussels, Greeces creditors offered some immediate measures to ease the pressure on the Greek economy. That includes the smoothing of Greeces repayment profile and the waiving of an interest rate increase due to go into effect in 2017.
Prime Minister Alexis Tsipras hailed the decision as another decisive step for the Greek economy toward exiting the crisis; he estimated a relief of 45bn. Finance Minister Euclid Tsakalotos said the short-term measures were more ambitious measures than we expected in May or hoped f…
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