Greece, creditors strike deal on overhauls
Add BT as a preferred source
Athens
GREECE and its international creditors agreed on a set of economic overhauls the country must undertake in exchange for fresh loans, paving the way for a payment that will help it build a cash buffer as it seeks to prepare for its bailout exit.
The so-called staff level agreement came after a week of talks in Athens saw the two sides reach common ground on politically sensitive issues such as reforms in the energy sector, public administration, the financial system, social-cohesion programmes and fiscal performance among others.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
Digital Realty, STT GDC among data centre operators awarded 50 MW of new capacity in Singapore
Upbeat outlook for CDL, UOL after strong H1 earnings
