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Greece wins €8.5-bn payout, debt deal delayed to 2018

Decision came after euro-area finance ministers sought to offer clarity on Greece's future debt path


Greece’s creditors agreed to release € 8.5 billion ($9.5 billion) in new loans for Athens, capping a key chapter of the country’s bailout and ending months of uncertainty over whether it could meet large bond payments due in July. The decision came after euro-area finance ministers meeting in Luxembourg on Thursday sought to offer more clarity on Greece’s future debt path and outline possible measures they could take to ease its burden in the future. While the finance chiefs reinforced their commitment to extend Greece relief if needed and offered more ...

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First Published: Sat, June 17 2017. 01:55 IST