Eurogroup’s decision on Greece triumphed in Australian media. The second bail-out package includes a loan of 130 billion and a 53.5% haircut of the Greek debt.
Finance chiefs’ starting point yesterday was the baseline European-IMF estimate, which put Greek debt at 129 percent of GDP in 2020.
Australian media reports that the agreement is positive for Greece as well as for the Australian economy, but they are skeptical if the new government that will be formed after the elections will implement all the measures that have been agreed upon.
The announcement of the agreement also had a positive impact on the Australian stock market.
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