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" Council welcomes debt relief of European partners "
A number of administrators are confident that the measures will significantly reduce the country's financing needs in the future but others doubt the viability of the system.Long-term debt, says the text, however welcomes the willingness of European partners to continue to reduce the debt if necessary.
Countries eurozone countries recently granted new loans and debt relief to Greece, at the same time as they granted a ten-year moratorium on the payment of yields and interest from older loans.
what was planned, the IMF did not participate with his own credits the third and last rescue program for Greece. To do this, he demanded that euro-zone countries abandon some of their demands to bring the Greek debt back to a more sustainable level.
Greece has been dependent since 2010 on international credit support, partly from the IMF. In August, the third and final program of assistance expires, after which the country will have to return to seek funding on its own.
Greek debt rises to about 317,000 million euros and accounts for nearly 179% of the 2017 gross domestic product (GDP), by far the highest in the euro area.
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