Eurozone finance ministers and the IMF have agreed with Greece to begin providing some debt relief to the country, and to release $10.3 billion in bailout funds. But all parties would have been better off had the IMF been cut out of the deal, in favor of greater reliance on European loans.
BRUSSELS – The curtains are up on another act of the Greek debt drama. Eurozone finance ministers and the International Monetary Fund have agreed with Greece to begin, per the IMF’s demands, providing some debt relief to the country, and to release €10.3 billion ($11.6 billion) in bailout funds. Greece, for its part, has agreed to another round of austerity and structural reform.
BRUSSELS – The curtains are up on another act of the Greek debt drama. Eurozone finance ministers and the International Monetary Fund have agreed with Greece to begin, per the IMF’s demands, providing some debt relief to the country, and to release €10.3 billion ($11.6 billion) in bailout funds. Greece, for its part, has agreed to another round of austerity and structural reform.