The international lenders agreed to provide Greece with 86 billion euros over the next three years. The finance ministers of the euro area more than six hours on Friday discussed the details of the new program of assistance being in Greece’s debt crisis.
“We have achieved a positive result and eliminate the last differences”, – said the chairman of the Eurogroup Jeroen Deysselblum.
According to the head of the European Commission, Jean-Claude Juncker, the agreement with the creditors intended to “clear and precise” to show that Greece remains in the euro zone. Juncker added that over the past six months, European officials and the citizens of European countries have been forced because of uncertainty over the future of Greece’s stand on the edge of the abyss.
In exchange for financial assistance to Greece earlier agreed to hold a series of painful reforms, including raising the retirement age, privatization, tax increases and spending cuts.
The first tranche of the new program of aid to Greece can get at the end of August.
On Friday, members of the Greek Parliament, after discussion sprawled on the night and the morning, approved the terms of the new, the third package of EU assistance, which is estimated at 86 billion euros.
25 billion euros will be used to recapitalize the Greek banks.
The Greek authorities hopes that, by adopting the program of assistance the Greek economy, they can get access to the funds necessary to pay the debt the ECB.
Greek Finance Minister Euclid Tsakalotos Eurogroup welcomed the decision.
According to him, Greek agreement will help create a more stable financial system. “It (the decision) will help Greece to move forward in the sense that from this moment in Greece will be a more stable financial system,” – he said, adding that now the Greek depositors no reason to worry.
However, so Tsakalotos noted that the success of the assistance program is largely dependent on whether Greece will be able to carry out painful reforms.
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