Editor’s note: Catherine Cheney is reporting on German policymaking this week as part of the German-American Fulbright Commission’s Berlin Capital Program, which is funded by the German Foreign Office.
BERLIN -- After talks lasting more than 10 hours Tuesday, eurozone finance ministers reached an agreement on a bailout deal for the heavily indebted Greek economy this week, agreeing to cut Athens’ debts by $51 billion in return for austerity measures. Other steps to reduce the Greek debt to 124 percent of its gross domestic product by 2020 include cutting the interest rates on loans to the country and helping it buy back its own bonds from investors. ...
To read the rest, sign up to try World Politics Review
- TWO WEEKS FREE.
- Cancel any time.
- After two weeks, just $18 monthly or $118/year.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- The Realist Prism: On Iran and Russia, Obama Gambling for More Time
- Sweden No Longer Immune to Rise of Nationalist Populism
- Global Insights: Putin’s South American Trip Hides Russia’s Strategic Weaknesses
- Diplomatic Fallout: West Needs New Rules to Contain Proxy Wars With Russia
- The Realist Prism: U.S. Watches From Sidelines as Global Leaders Gather in Brazil