/ world today news/ After more than 12 hours of debates, the finance ministers of the eurozone countries and representatives of the International Monetary Fund reached an agreement to reduce Greece’s debt by 40 billion. dollars – up to 124 percent of the country’s gross domestic product. This will be done by 2020 through a series of steps.
Greece’s decision to grant a total of almost 44 billion in the beginning of December was also approved. euro. This is the total amount of three tranches, the largest of which, for over 30 billion euro has been blocked since the spring.
Following the end of the negotiations, European Central Bank Governor Mario Draghi said he welcomed the decision.
The funds will be used for the recapitalization of Greek banks. This will give the government in Athens the opportunity in December to pay salaries, pensions and obligations to suppliers.
Greek Prime Minister Antonis Samaras welcomed the agreement. “For us Greeks, a new day begins,” Samaras said.
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