Skip to main content
World news explained

Greece's creditors to release bailout cash

Audio 05:34
Reuters/Yorgos Karahalis

Greece's Finance Minister says international creditors have given his goverment two more years to complete a massive reduction of its public debt. His statement comes after Greece announced drastic budget cuts yesterday. The deal, which will hit pensioners and public sector workers the hardest, is almost certain to spark protests. But the troika of Greece's creditors – the European Commission, European Central Bank and the International Monetary Fund – is now expected to release bailout cash worth 31 billion euros. RFI asked Nikos Ventouris, a Greek economist if further wage and budget cuts are the right policy for a country in deep recession. 

Page not found

The content you requested does not exist or is not available anymore.