The FINANCIAL - Austrian Fin Min: New Deal Will Ensure Greece's Survival

Austrian Fin Min: New Deal Will Ensure Greece's Survival

21/02/2012 04:30 (91 Day 04:18 minutes ago)

The FINANCIAL -- The deal struck by euro-zone finance ministers and Greece's other creditors will ensure the survival of Greece in the euro zone, Austrian Finance Minister Maria Fekter said Tuesday.

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According to Borsa Italiana - London Stock Exchange Group, the deal will see Greece receive another EUR130 billion of aid over the next three years, as well as having a EUR107 billion reduction in its current debt stock. The creditors also agreed to cut the interest rate on the loans disbursed under Greece's first bailout plan.

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