Euro-zone finance ministers, the European Central Bank and the International Monetary Fund reached a deal early Tuesday
in Brussels that is expected to see them release more financial aid to Greece.Eurogroup, said in a statement that a worse
macroeconomic situation and delays in implementing assistance have resulted in a weaker outlook for Greek government
finances. European Financial Stability Facility (EFSF) disbursement to Greece of 43.7 billion euros ($56.8 billion), with the
formal go-ahead expected by Dec. 13.Greece’s debt targets were also tweaked, with government debt now targeted to fall to
124% of gross domestic product by 2020, and to substantially less than 110% of GDP by 2022.
in Brussels that is expected to see them release more financial aid to Greece.Eurogroup, said in a statement that a worse
macroeconomic situation and delays in implementing assistance have resulted in a weaker outlook for Greek government
finances. European Financial Stability Facility (EFSF) disbursement to Greece of 43.7 billion euros ($56.8 billion), with the
formal go-ahead expected by Dec. 13.Greece’s debt targets were also tweaked, with government debt now targeted to fall to
124% of gross domestic product by 2020, and to substantially less than 110% of GDP by 2022.
No comments:
Post a Comment