Economics
Greece Moves Closer to Bailout Exit After Deal With Creditors
- Paves way for debt relief discussion at May 24 Eurogroup
- Post bailout monitoring mechanism will be discussed in June
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Greece and its creditors agreed on the next steps for completing the country’s final bailout review, a key milestone for exiting the program and striking a deal on debt relief.
Government officials and representatives from the International Monetary Fund and euro-area creditor institutions completed a week of discussions in Athens on Saturday. Greek Finance Minister Euclid Tsakalotos said reaching a technical deal to conclude the fourth bailout review, the so-called staff level agreement, paves the way for discussion of debt relief measures.