extraordinary Cabinet meeting on Sunday evening to review the decisions taken at Friday's informal eurogroup special summit.
Eurogroup leaders decided to extend the repayment period for Greece's 110-billion-euro bailout by the European Commission (EC), European Central Bank (ECB) and International Monetary Fund) to seven and a half years and reduction of the interest rate from 5.2 percent to 4.2 percent during an informal summit in Brussels on Friday.(ANA-MPA)
The Greek government expressed satisfaction late Friday evening over a decision here by eurozone members to extend the repayment period for Greece's 110-billion-euro EC-ECB-IMF bailout to seven and a half years, as well as a reduction in the interest rate -- from 5.2 percent to 4.2 percent.
"Today's (Friday) decisions are clear proof that the efforts being made by the Greek government are being recognised," Prime Minister George Papandreou stressed after the end of an informal EU summit and a council of eurozone members, while also noting that Athens' seriousness and reliability in implementing a wide-ranging structual reform package "is paying off".
source: ANA-MPA
