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Athens, troika of intl. lenders finally reach debt accord

4 years ago6 views



Greece has finally struck a deal with its international creditors on the next and final tranche of the country's massive bailout.

The EU, the European Central Bank and the International Monetary Fund have agreed to grant Athens the 14-billion dollar aid package after seven months of marathon talks. Greek Prime Minister Antonio Samaras says the deal does NOT contain any new austerity measures. He added that about seven-hundred-million dollars of the money would be distributed to some one-million poorest members of the Greek society. The measures, however, don't seem to be convincing for the people. On Wednesday, civil servants, including hospital and teaching staff, started a two-day strike. Unions are also planning a protest march later in the day through central Athens. They're angry at the government's cost-cutting plans to slash thousands of public sector jobs.

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