Eurozone finance ministers, the European Central Bank and the International Monetary Fund [microblogging] Tuesday in Brussels to provide Greece with a new round of assistance to reach consensus.
The euro-zone finance ministers said in a statement, the deterioration of the macroeconomic situation as well as assistance in the implementation of delay, so that the Greek government fiscal outlook even bleaker.
EU Monetary Affairs Commissioner Rehn (Olli Rehn), said at a news conference action "Greece has told us that their reform seriously, Greece made a lot of efforts to reduce the deficit."
The finance ministers that all the conditions are in place, Greece to obtain the assistance of the Member States will be formally approved on December 13 Greece 43.7 billion euros in aid from the European Financial Stability Fund.
The creditors also agreed new targets on the Greek government debt reduction, by 2020 debt-to-GDP ratio down to 124% to 110% in 2022.
Euro Group Member States still in a statement said, also consider the implementation of other ways to help Greece, including:
Greek interest on credit lines cut by 100 basis points
Reduce the cost of loan guarantees for the European Financial Stability Fund to 100 basis points
May allow Greece delayed for a decade to repay the interest on loans of the European Financial Stability Fund.
Euro Group, the above measures will not affect the credibility of the European Financial Stability Fund.
IMF CEO Christine Lagarde [microblogging] said in a statement, "add up all measures should allow Greece debt ratio into a sustainable track, and gradually return to normal market financing.
Have risen euro rose to $ 1.2982 from $ 1.2961 before a statement. After this news, Asian stock markets also climbed.
The euro-zone finance ministers said in a statement, the deterioration of the macroeconomic situation as well as assistance in the implementation of delay, so that the Greek government fiscal outlook even bleaker.
EU Monetary Affairs Commissioner Rehn (Olli Rehn), said at a news conference action "Greece has told us that their reform seriously, Greece made a lot of efforts to reduce the deficit."
The finance ministers that all the conditions are in place, Greece to obtain the assistance of the Member States will be formally approved on December 13 Greece 43.7 billion euros in aid from the European Financial Stability Fund.
The creditors also agreed new targets on the Greek government debt reduction, by 2020 debt-to-GDP ratio down to 124% to 110% in 2022.
Euro Group Member States still in a statement said, also consider the implementation of other ways to help Greece, including:
Greek interest on credit lines cut by 100 basis points
Reduce the cost of loan guarantees for the European Financial Stability Fund to 100 basis points
May allow Greece delayed for a decade to repay the interest on loans of the European Financial Stability Fund.
Euro Group, the above measures will not affect the credibility of the European Financial Stability Fund.
IMF CEO Christine Lagarde [microblogging] said in a statement, "add up all measures should allow Greece debt ratio into a sustainable track, and gradually return to normal market financing.
Have risen euro rose to $ 1.2982 from $ 1.2961 before a statement. After this news, Asian stock markets also climbed.
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