KXIP vs KKR Live Score

"We also take note of the commitment by Greece's European partners to keep debt sustainability under review and to take additional debt relief measures if needed".

Taking all the twists and turns into account, Germany's federal government has raked in 2.5 billion euros of profit on Greek debt, while public investment bank KfW has notched up 400 million euros of interest payments on a loan to Athens - a total of 2.9 billion euros.

Yields on Greek bonds dropped with the 10-year note falling as much as 1.01 percent at 11.57 am Athens time on Wednesday to nearly a month low, while the Athens Stock Exchange General Index rose as much as 1.1 percent in intraday trading amid optimism that euro-area finance ministers will reach a deal on Greece on Thursday.

"The accepted criteria for all sides is that this solution be convincing for markets and embed the creditworthiness of our country - the final act in restoring the credibility of Greece to be able to plan for the next day like any ordinary country", Tzanakopoulos told a news briefing. Private creditors cut the value of their holdings of Greek government bonds by more than half in 2012.

Greece's euro-area creditors struck a landmark deal to ease repayment terms on some of the nation's mountain of debt and clear the way for the country to exit the lifeline that's kept it afloat since 2010.

The eurozone ministers' agreement comes almost a decade after Athens finances spun out of control, sparking three bailouts and threatening the country's euro membership.

European Economic and Financial Affairs Commissioner Pierre Moscovici spoke of a "historical moment for Greece" and said a new chapter was beginning for the country. It also got another injection of another 15 billion euros ($17.5 billion).

"We are optimistic that we are on the verge of a solution with substance", spokesman Dimitris Tzanakopoulos said, adding that this would "have a multiplying effect on the momentum of the Greek economy". The country has required three global bailouts. "A surplus of 3.5 percent to 2022 and 2.2 percent (on average) to 2060 is not easy at all", Kostas Boukas, asset management director at Beta Securities, told Athens 9,84 radio.

The International Monetary Fund, led by the tough-talking Christine Lagarde, welcomed the debt relief, but cited reservations about 's obligations over the long term.


COMMENTS