Â
Sponsored by
NATIONAL NEWS
Euro officials reach deal to reduce Greek debt
Posted: Nov 26, 2012 11:05 PM by Associated Press
BRUSSELS (AP) - A European Union official tells The Associated Press that a deal has been reached under which Greece's debt would be reduced to 124 percent of GDP by 2020.
The original goal had been 120 percent of GDP.
The agreement would pave the way for indebted Greece to receive the next installment of its much-needed bailout loans.
Mario Draghi, President of the European Central Bank, welcomed the agreement.
"It will certainly reduce the uncertainty and strengthen confidence in Europe and in Greece," Draghi said.
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
KSBY.com is social!
KSBY.COM VIDEOS
-
Evacuees forced from their homes by the most damaging wildfire in Colorado's history return
Views: 23 June 19, 2013 -
Military widow finds another woman's name engraved on her husband's tombstone
Views: 274 June 18, 2013 -
Mother taken into custody after driving under the influence with her son in the car
Views: 45 June 18, 2013 -
Middle schoolers get opportunity to play paintball with local law enforcement
Views: 12 June 16, 2013
Comments