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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.

 

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