Greece's Finance Minister, Yiannis Stournaras, said a decision brokered between the eurozone and the International Monetary Fund to adopt a series of steps to reduce Greek public debt will keep the country in the euro. ''Today's decision by the Eurogroup and IMF is important because it keeps Greece in the euro, it gives it a significant chance of getting out of the cycle of recession and over-indebtedness and contributes to the reduction of its debt,'' he said after some 12 hours of talks resulted in an agreement early Tuesday. The deal, as Kathimerini reports, also sees Greece receiving next month about three quarters of the 44 billion euros in bailout payments it was due to get this year. The rest will come in instalments at the beginning of next year. Stournaras said the further lowering of interest rates at which Greece is being lent money by its eurozone partners is a major boost. ''Greece is now a country that is borrowing at a very low rate compared to other countries in the euro area,'' he said. The finance minister added that this was an opportunity for the country to use to positive effect. He stressed the importance of implementing structural reforms.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor