Greece, Troika Strike New Deal

Greece, Troika Strike New Deal

Greece and its international lenders reached a deal on the disbursement of the next batch of loans under its rescue package after six months of talks, Reuters reported.

The deal paves the way for Greece to repay nearly 10 billion euro of bonds due in May and fuels expectations it could return to the bond markets shortly.

"This review was the toughest we've had so far," Reuters quoted finance minister Yannis Stournaras as telling reporters. "A difficult negotiation is over."

Some of the most hotly disputed items on the agenda of the talks were the reforms to make the Greek economy more competitive, mass layoffs demanded by the lenders and the capital shortfall faced by the country's banks.

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