MOSCOW (Sputnik) – Eurozone leaders reached an agreement Monday on a $95-billion program to assist Greece through the current stage of its ongoing financial crisis. The deal envisages austerity measures for the heavily indebted country, including pension cuts and tax increases.
“Nobody knows at the moment how it should go without a debt cut. And everybody knows that a debt cut is incompatible with membership of the currency union,” Wolfgang Schauble said in an interview with Deutschlandfunk radio.
On Thursday night, the Greek parliament voted in support of the new package of bailout measures, opening doors for a resumption of monetary aid from international lenders.
Several members of the ruling left-wing Syriza party, including Greece’s former Finance Minister Yanis Varoufakis and Energy Minister Panagiotis Lafazanis, voted against the measures.