Eurozone to ease Greek debt rescue terms: Sarkozy

12th March 2011, Comments 0 comments

Eurozone leaders agreed Saturday to ease the terms and repayment period on the Greek debt rescue accord reached last year, French President Nicolas Sarkozy said.

"We have decided to reduce by 100 basis points (one percentage point on) the Greek loan" rate, Sarkozy said, adding that the repayment period would also be extended to 7-1/2 years from three years.

© 2011 AFP

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