Greece's creditors reached a preliminary accord to ease the country's debt burden but left the important details to be hammered out after Germany's federal election next year. At a meeting of euro-area finance ministers in Brussels that ended early Wednesday, and paved the way for a 10.3 billion-euro ($11.5 billion) aid payout, the International Monetary Fund (IMF) retreated from its hard-line stance for concrete and generous measures on Greece's debt, allowing creditors to announce a breakthrough despite giving no figures or real commitments. "It seems very much like ...
Greece wins pledge for debt relief as IMF bows to euro plan
The yield on Greece's 10-year bond fell below seven per cent for the first time since November, sinking as low as 6.98 percent on Wednesday