Things Will be Better After Agreement: Diamantopoulou
Greece’s creditors reached a preliminary accord to ease the country’s debt burden but left the important details to be hammered out after Germany’s federal election next year. At a meeting of euro-area finance ministers in Brussels that ended early Wednesday, and paved the way for a 10.3 billion-euros ($11.5 billion) aid payout, the International Monetary Fund retreated from its hard-line stance for concrete and generous measures on Greece’s debt, allowing creditors to announce a “breakthrough” despite giving no figures or real commitments. Former Minister for Growth & Shipping Anna Diamantopoulou discusses the deal with Bloomberg's Matt Miller in Berlin.
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30:44 - China unveiled guidelines for debt-to-equity swaps in October, part of measures to trim the world’s biggest corporate debt loads. Bloomberg's Lianting Tu reports on "Bloomberg Markets." (Source: Bloomberg)