Off the wire
• 2nd LD: All rescued in helicopter crash in Tehran  • Polish Supreme Court rejects extradition of Polanski  • Results of WCBA League  • Nepalese FM to attend 9th Bali Democracy Forum in Indonesia  • STDs on rise among Mongolian teens: report  • News Analysis: "Barbaric" stake buyouts test Chinese capital markets, regulators  • Israeli army simulates attacks from Gaza militants in drill  • Greek shadow economy estimated at 40 bln euros per year: survey  • Feature: Reus makes Borussia Dortmund's triangle shine  • France increases avian flu risk level to "high"  
You are here: 　 Home

Greece welcomes Eurogroup decision on debt relief measures

Xinhua, December 6, 2016 Adjust font size:

Greece's government Tuesday welcomed the Eurogroup's decision on the implementation of short-term debt relief measures in the upcoming months.

Greek Prime Minister Alexis Tsipras' office said in a statement that the decision was "a significant success and one more decisive step so that the Greek economy exits the crisis."

The council of finance ministers of the eurozone (the so-called Eurogroup) in Brussels on Monday endorsed short-term debt relieving measures for Greece proposed by the European Stability Mechanism.

The measures will lower Greece's debt burden by some 22 percent, or at least 45 billion euros (48.4 billion U.S. dollars) by 2060, according to the statement.

Greek opposition parties, as well as the International Monetary Fund, said that the measures announced in Brussels were not sufficient to ensure the sustainability of the Greek debt burden and give substantial space to recession-hit enterprises to boost growth.

The opposition parties expressed disappointment over the Eurogroup decision, forecasting new rounds of austerity policies in Greece in exchange for the Eurogroup decision. Endi