Euro gains after ministers reach Greece agreement

Euro Gains After Ministers Reach Greece Agreement

After three years offalse-starts and manydays of talks inBrussels, ...More
After three years offalse-starts and manydays of talks inBrussels, financeministers are optimisticthat they have finallyfound the solution forGreece. Less

Euro gains after ministers reach Greece agreement

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Overview:
After three years of false-starts and many days of talks in Brussels, finance ministers are optimistic that they have finally found the solution for Greece.
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After three years of false-starts and many days of talks in Brussels, finance ministers are optimistic that they have finally found the solution for Greece.

Rates have been cut on bailout loans, interest payments have been suspended for a decade and Greece will also be receiving 34.4 billion Euros as a loan installment in December.

Prime Minister Antonis Samaras celebrated a "new day" at midnight last night as Greece will be staying in the Euro-zone, but the country needs to ensure to deliver on its commitments to earn each payout.

The news has been received well by the markets and the Euro rose 0.2% against the dollar after the announcement, a three-week high. This announcement has come as a relief to the Euro after enduring weeks of pressure.

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Posted on: 02:41 PM - 19 Dec 12

Euro gains after ministers reach Greece agreement
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After three years of false-starts and many days of talks in Brussels, finance ministers are optimistic that they have finally found the solution for Greece.
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