01:30Belgium: Eurogroup approve third Greek bailout deal, confirms Dijsselbloem
Eurogroup members agreed to a third bailout program for Greece, President of the Eurogroup Jeroen Dijsselbloem confirmed in Brussels, Friday, following the Eurozone finance ministers’ meeting on the new bailout deal which, approved by Greek parliament yesterday.
Commenting on the International Monitory Fund’s (IMF) potential involvement in the deal, Dijselbloem said the organization would consider the reforms made in Autumn. The IMF will first reportedly need “a full specification of fiscal, structural and financial sector reforms” and to be assured that the debt is sustainable.
The €85 billion ($95 billion) three-year bailout assures Greece's place in the eurozone and includes measures such as the formation of a new independent privatisation fund, the gradual increase of the pension age to 67 and a review of the spending of the social welfare system. It comes ahead of the August 20 deadline for Greece's €3 billion ($3.3 billion) debt repayment to the European Central Bank.
01:30Eurogroup members agreed to a third bailout program for Greece, President of the Eurogroup Jeroen Dijsselbloem confirmed in Brussels, Friday, following the Eurozone finance ministers’ meeting on the new bailout deal which, approved by Greek parliament yesterday.
Commenting on the International Monitory Fund’s (IMF) potential involvement in the deal, Dijselbloem said the organization would consider the reforms made in Autumn. The IMF will first reportedly need “a full specification of fiscal, structural and financial sector reforms” and to be assured that the debt is sustainable.
The €85 billion ($95 billion) three-year bailout assures Greece's place in the eurozone and includes measures such as the formation of a new independent privatisation fund, the gradual increase of the pension age to 67 and a review of the spending of the social welfare system. It comes ahead of the August 20 deadline for Greece's €3 billion ($3.3 billion) debt repayment to the European Central Bank.