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The Juncker-brokered debt deal is designed bring Greece back from the brink of bankruptcy (Photo: consilium.europa.eu)

Greece back from the brink after EU agrees debt deal

Debt-laden Greece was brought back from the brink on Tuesday (27 November) after eurozone finance ministers agreed changes to the country's bailout deal.

After another marathon, 13-hour-long meeting which broke up in the small hours of the morning, ministers signed off on a deal that could cut the country's debt mountain to 124 percent of GDP by 2020 and around 110 percent by 2022.

Greece is on the verge of entering its sixth straight year of recession, with the country's economi...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

The Juncker-brokered debt deal is designed bring Greece back from the brink of bankruptcy (Photo: consilium.europa.eu)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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