RSS   Newsletter   Contact   Advertise with us
Post Online Media

EU agrees on short-term debt relief for Greece

Michel Sapin
Europe   A deal between Greece and EU institutions

Euro zone finance ministers agreed on short-term measures to reduce Greek debt.

But they remained divided over how big a primary surplus Greece must keep after 2018 and for how long, French Finance Minister Michel Sapin said.

"We have adopted today the plan to reduce Greek debt in the short-term," Sapin told reporters.

Sapin spoke after a meeting of euro zone finance ministers devoted mainly to the assessment of how much progress Greece has made in reforming its economy and what combination of debt relief and medium-term fiscal targets could international lenders agree to.

"We have the objective to reach a deal between Greece and EU institutions before the end of the year," he said.


What to read next

POST Online Media does not use cookies to collect information about visitors.   OK, hide this message   Third party ads may be using cookies, you can see how here.