Europe and Greece agreed between the extension of the Greek bailout by four … – LaRepública.pe

Europe and Greece agreed between the extension of the Greek bailout by four … – LaRepública.pe

The duel between Greece and Germany yesterday reached its maximum intensity from SYRIZA’s election victory last January 25. Both countries collided head in the hours before the third meeting in less than a month Eurogroup (finance ministers of the euro area) and it was learned that the meeting was about to be canceled at the apparent inability to even get to a principle of agreement.

The two sides finally reached an agreement to extend the rescue of Greece for four months beyond February 28, last date of the current program.

The Greek government agrees to pay its creditors, not to take unilateral economic measures already present on Monday a preliminary list of structural reforms that take place in the coming months.

In return, the eurozone is willing to revise surplus target required in light of the current economic situation, as claimed Athens, which will result in increased budgetary leeway for the government of Greece rush part of its social plan.

Brussels also released after examination of the troika, EUR 1,800 million remaining rescue and 1,900 million euros profit purchase program Greek debt by central banks.