Greece has made a debt repayment of $495 million to the International Monetary Fund, easing days of uncertainty and bringing relief to investors.
It was a crucial payment that will help Greece move closer to securing a final international bailout package and stay in the eurozone.
Finance ministers of eurozone countries agreed earlier this year to extend Greece’s bailout on the condition that the country would present a sound plan of economic reforms.
Athens submitted a number of measures last week to combat tax evasion and fraud. Unemployment in Greece is double that of the rest of the Eurozone countries.
Athens raised $1.24 …read more
Source: Voice of America
