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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Thursday, June 18, 2015

Greece already got euro zone debt relief, debt now sustainable

By Jan Strupczewski BRUSSELS (Reuters) - Greece has already received debt relief from its euro zone creditors equal to half of its 2013 GDP in net present value terms, the euro zone bailout fund said in its annual report, noting Greek public debt was now high but sustainable. Greece has made debt relief a key demand in its negotiations with international creditors on what reforms it must implement to secure further funding. The report from the European Stability Mechanism (ESM) said that after various modifications made to the original terms of bailout loans over the last years, Athens had minimal payment obligations until 2023.


READ THE ORIGINAL POST AT uk.news.yahoo.com