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eurozone finance ministers generally agreed on the allocation of additional Greek aid package of € 10.3 billion to reform
According to Reuters news agency, at a meeting in Brussels, finance ministers of the eurozone countries have recognized the fact that Greece is under the leadership of Prime Minister Alexis Tsipras spent the necessary tax reforms and practically agreed on the allocation to it of two additional tranches totaling EUR 10.3 billion. In June, the country can receive 7.8 billion euros, and then another 2.5 billion euros.
The final decision will be made within the next one or two weeks.
In addition, the European ministers They agreed to discuss the reduction of Greece’s debt burden. This will return the IMF to provide financial assistance to the country.
According to the head of the Eurogroup Yerona Deyselbluma negotiations meant a new phase in an attempt to stabilize the financial system of Greece. According to the Dutch politician, in the negotiation process back a sense of mutual trust.
Greek Finance Minister Euclid Tsakalotos optimistic assessed the results of the talks, describing them as an opportunity for his country to get out of the vicious circle of problems.
At the beginning of 2016 year Greek government debt stood at € 321.3 billion, or nearly 180% of GDP, more than half of the debt – loans from the European countries. As reported by the Greek newspaper “Kathimerini”, according to analysts’ estimates, Greece needs to repay the year to end of July, more than € 5 billion principal amount of payments – € 3.7 billion – is in July.
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