You are here: Home » International » News » Economy
Business Standard

Greece cuts deal with lenders; promises to give tough time to taxpayers

Greece has paved the way for the disbursement of further rescue funds from international lenders

Reuters  |  Athens 

Promising to cut pensions and give taxpayers fewer breaks, Greece has paved the way for the disbursement of further rescue funds from international lenders and possibly opened the door to reworking its massive debt. Officials from both sides reached a deal early on Tuesday on a package of bailout-mandated reforms, ending six months of staff-level haggling. Greek Finance Minister Euclid Tsakalotos announced it with a term associated with papal elections. "There was white smoke," he told reporters. Greece now needs to legislate the new measures - which also include ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, May 02 2017. 16:20 IST
RECOMMENDED FOR YOU