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
Sign up for two weeks of free access with your credit card. Cancel any time during the free trial and you will be charged nothing.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- Global Insights: Russia Tensions Threaten U.S. Arctic Council Agenda
- Diplomatic Fallout: Small Wars Create Big Problems for U.K.’s Cameron, France’s Hollande
- Akinci’s Election Revives Hopes for Breakthrough in Cyprus Talks
- Global Insights: New Technologies Complicate U.S.-Russia-China Arms Control
- Diplomatic Fallout: Greek Financial Crisis Forces EU to Play for Time on Ukraine, Migrants