BRUSSELS (Sputnik) – Eurozone leaders reached an agreement Monday to support the Greek economy with an additional 86 billion euros in exchange for economic reforms in the country.
The leaders asked the European Commission to support job creation and economic growth in Greece by mobilizing 35 billion euros.
Greece is currently experiencing a deep economic crisis, struggling to repay a $270-billion debt to international creditors, including the International Monetary Fund, the European Central Bank and Eurozone states.
“Substantial support available for Greece from the EU budget amounts to more than 35 billion euros until 2020… 20 billion euros will come from the European structural and investment funds and a further 15 billion euros from common agricultural policy,” Dombrovskis said.
