Collage: BakuToday
Eurozone finance ministers approved a plan to rescue Greece from debt crisis. Athens needed loan of 130 billion euros ($ 170 billion) to avoid bankruptcy in March, when it’s time for the State debt.
The financing of the programme will involve the IMF and euro-zone States, moreover it provides a broad restructuring of Greek debt to private banks. The agreement provides for the reduction of State debt of Greece until its GDP to 120.5 percent, 2020.
Greece’s debt currently exceeds 160 per cent of GDP and is valued at 230 billion euros.
