Greece strikes deal with EU creditors over reforms

FT/Jim Brunsden/04-07-17

Greece has struck a deal with its creditors on reforms the country must carry out in exchange for continuing to receive money from its €86bn bailout programme.

The deal, which encompasses pension cuts, a widening of the tax base, and other reforms has been months in the making and was closed during intensive talks this week.

…Further difficult hurdles must still be cleared, however, before the IMF will join the programme, notably political sensitive negotiations on debt relief, meaning it’s still not clear when Greece will get the next tranche of bailout aid.

Share
This entry was posted in Europe, European Debt Crisis. Bookmark the permalink.

Comments are closed.