http://www.wsj.com/articles/greek-de...one-1482587189
Greece''s recovery now proceeding at a good pace too:
The Greek economy advanced 0.8 percent on quarter in the third quarter of 2016, compared to a preliminary estimate of 0.5 percent and following an upwardly revised 0.4 percent growth in the previous period.
Quote:
“Greece’s eurozone creditors agreed on Saturday to unblock previously suspended debt-relief measures for the country, after Athens assured them that a Christmas gift it offered pensioners would be a one-off.
The move marks an effort to ease tensions over the country’s bailout, fueled partly by Athens’s decision to pursue fiscal largess without informing its creditors and partly by persisting disagreements between the country’s lenders over the economic overhauls Athens must undertake.
The decision to unfreeze the suspended debt relief will offer a much-needed reprieve to Athens and comes as Greece and its international creditors—which include the eurozone and the International Monetary Fund—are struggling to conclude their latest review of the country’s rescue plan of as much as €86 billion ($89.9 billion) in loans.
“Happy to conclude that we have cleared the way for [the eurozone bailout fund] to go ahead with decision-making procedures for short term debt measures,” said Jeroen Dijsselbloem, the Dutch finance minister, who presides over meetings with his eurozone counterparts, on Twitter.
“I have received a letter in which my Greek colleague has confirmed his commitment to previous agreements,” he added.”
“Greece’s eurozone creditors agreed on Saturday to unblock previously suspended debt-relief measures for the country, after Athens assured them that a Christmas gift it offered pensioners would be a one-off.
The move marks an effort to ease tensions over the country’s bailout, fueled partly by Athens’s decision to pursue fiscal largess without informing its creditors and partly by persisting disagreements between the country’s lenders over the economic overhauls Athens must undertake.
The decision to unfreeze the suspended debt relief will offer a much-needed reprieve to Athens and comes as Greece and its international creditors—which include the eurozone and the International Monetary Fund—are struggling to conclude their latest review of the country’s rescue plan of as much as €86 billion ($89.9 billion) in loans.
“Happy to conclude that we have cleared the way for [the eurozone bailout fund] to go ahead with decision-making procedures for short term debt measures,” said Jeroen Dijsselbloem, the Dutch finance minister, who presides over meetings with his eurozone counterparts, on Twitter.
“I have received a letter in which my Greek colleague has confirmed his commitment to previous agreements,” he added.”
Greece''s recovery now proceeding at a good pace too:
The Greek economy advanced 0.8 percent on quarter in the third quarter of 2016, compared to a preliminary estimate of 0.5 percent and following an upwardly revised 0.4 percent growth in the previous period.
