AP, Luxembourg :
Eurozone nations agr.elements of a plan to get Greece out of its eight-year bailout program and make its massive debt more manageable.
The finance ministers of the 19 nations took daylong talks into Friday morning and reached a surprisingly hard-fought compromise which had seemed within easy reach for the past few days.
The ministers needed to finalize a deal between Greece and its international creditors that would allow it to safely emerge from its third and final bailout program on Aug. 20 and face the markets again.
“Greek debt is sustainable going forward,” said eurogroup president Mario Centeno.
French Finance Minister Bruno Le Maire said going into the meeting that “we have to recognize that Greece has really made the job – they have fulfilled their commitments.”
Yet despite those good vibes the deal to keep Greece’s debt manageable long remained elusive on Thursday.
Eurozone nations agr.elements of a plan to get Greece out of its eight-year bailout program and make its massive debt more manageable.
The finance ministers of the 19 nations took daylong talks into Friday morning and reached a surprisingly hard-fought compromise which had seemed within easy reach for the past few days.
The ministers needed to finalize a deal between Greece and its international creditors that would allow it to safely emerge from its third and final bailout program on Aug. 20 and face the markets again.
“Greek debt is sustainable going forward,” said eurogroup president Mario Centeno.
French Finance Minister Bruno Le Maire said going into the meeting that “we have to recognize that Greece has really made the job – they have fulfilled their commitments.”
Yet despite those good vibes the deal to keep Greece’s debt manageable long remained elusive on Thursday.
