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.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.