Sat, Jun 17, 2017 - Page 10 News List

Greece gets enough to avoid bailout

SAFETY NET:The new deal might include a measure linking repayments to growth, meaning that payments could be postponed in the event of an economic downturn

AP, LUXEMBOURG

For Greece, the agreement should limit the amount it has to pay in debt servicing each year, freeing up money it could use to help the Greek economy and society.

However, for austerity-weary Greeks, the latest deal is unlikely to mean much change any time soon.

More than 2,000 older Greeks on Thursday marched through Athens to demonstrate against cuts to monthly pensions.

“We can’t live on 300 euros!” they chanted, some waving sticks.

This story has been viewed 1996 times.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top