Eurozone looks to help Greece on debt after it passes reforms

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Eurozone looks to help Greece on debt after it...
 © CyprusMail 2020
The eurozone turned its attention tentatively on Monday to helping Greece tackle its huge debt repayments, with a view to a deal on May 24, after Greek lawmakers passed unpopular pension and tax reforms one critic called “a tombstone for growth”.

The preliminary talks, which are likely to focus on ideas to cap Greek debt servicing costs at 15 per cent of GDP or less, are going ahead despite opposition from fiscally hardline Germany, which does not believe any relief is needed.

“We will discuss when, if, under what conditions...


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Eurozone looks to help Greece on debt after it passes reforms


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Article Tags: eurozone, looks, greece, after, passes, reforms,