Greece gets short-term deal on debt re­lief from eu­ro­zone

The Washington Times Daily - - WORLD -

BRUS­SELS | Greece won some short­term debt re­lief from Euro­pean cred­i­tors on Mon­day even though it failed to clear the lat­est hur­dle in its bailout pro­gram that has pre­vented the coun­try go­ing bank­rupt and crash­ing out of the euro.

At a meet­ing of the 19 eu­ro­zone fi­nance min­is­ters in Brus­sels that was largely over­shad­owed by the Ital­ian ref­er­en­dum re­sult that forced Premier Mat­teo Renzi to offer his res­ig­na­tion, Greece’s cred­i­tors of­fered some im­me­di­ate help to the cash-strapped Greek gov­ern­ment.

Among the mea­sures of­fered were a smooth­ing of some of Greece’s re­pay­ment pro­file in or­der to pre­vent debt re­pay­ment humps on the way and a waiv­ing of an in­ter­est-rate in­crease that was due to take ef­fect next year.

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