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Greece gets 8.5 billion euros and some idea of future debt relief

Reuters  |  LUXEMBOURG 

By Jan Strupczewski and Francesco GuarascioLUXEMBOURG (Reuters) - Euro zone lenders agreed on Thursday to lend 8.5 billion euros ($9.5 billion) to Greece, pulling the country from the brink of default, and gave some details on possible debt relief in 2018 as the International Monetary Fund agreed to join the bailout.The decision was taken at a meeting of euro zone finance ministers in Luxembourg, attended by IMF Managing Director Christine Lagarde, after Greece completed all reforms requested by the creditors at this stage of the bailout program. The head of the euro zone bailout fund Klaus ...

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First Published: Fri, June 16 2017. 02:37 IST