Agreed debt measures "will improve Greek debt sustainability,"said the head of the eurozone emergency fund Klaus Regling (r), with Eurogroup president Jeroen Dijsselbloem (l) (Photo: Council of the EU)

EU agrees on debt measures for Greece

Green Economy

by Eric Maurice, Brussels,

Eurozone finance ministers agreed on Monday (5 December) on a set of measures to reduce the cost of Greek debt, but postponed a discussion on the future of the bailout programme.

At a Eurogroup meeting in Brussels they endorsed a plan of short-term measures presented by the European Stability Mechanism (ESM), the eurozone emergency fund. 

The measures, which can be implemented now, include allowing Greece more time to repay existing ESM loans - from 28 to 32.5 years - and limiting...