Greece, euro zone agree four-month loan extension, avert crunch

vendredi 20 février 2015

Spain's Finance Minister De Guindos chats with Greece Finance Minister Varoufakis during an extraordinary euro zone Finance Ministers meeting to discuss Athens' plans to reverse austerity measures agreed as part of its bailout, in Brussels Euro zone finance ministers agreed in principle on Friday to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area. The deal, to be ratified once Greece's creditors are satisfied with a list of reforms it will submit next week, ends weeks of uncertainty since the election of a leftist-led government in Athens which pledged to reverse austerity. "Tonight was a first step in this process of rebuilding trust," Jeroen Dijsselbloem, chairman of the 19-nation Eurogroup, told a news conference. The agreement, clinched after the third ministerial meeting in two weeks of acrimonious public exchanges, offers a breathing space for the new Greek government to try to negotiate longer-term debt relief with its official creditors.








via Business News http://ift.tt/1BtLKEz

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