Greece says euro zone deal won time as cash bled from banks

samedi 21 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 ATHENS/BRUSSELS (Reuters) - Greece's left-wing government insisted on Saturday it had avoided being "strangled" by the euro zone, which agreed in principle to extend a financial rescue deal as nervous savers pulled huge sums from Greek banks. Athens said the deal struck late on Friday in Brussels should calm Greeks who had feared capital controls might be imposed as a prelude to leaving the euro. After often ill-tempered negotiations, Greece secured late on Friday a four-month extension to euro zone funding, which will avert bankruptcy and a euro exit, provided it comes up with promises of economic reforms by Monday. "We won time," said government spokesman Gabriel Sakellaridis.








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

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