Greece, Eurozone settle debt deal

  • 25/05/2016
French Finance Minister Michel Sapin says the agreement is an "act of confidence in today's Greece" (AAP)
French Finance Minister Michel Sapin says the agreement is an "act of confidence in today's Greece" (AAP)

Eurozone finance ministers have agreed with Greece and the International Monetary Fund on a deal that will address Athens' requests for debt relief, French Finance Minister Michel Sapin says.

"This agreement is act of confidence in today's Greece," he told reporters as he left a meeting in Brussels in the early hours of Wednesday.

He gave no details but said the agreement was comprehensive and covered short, medium and long-term measures on the debt.

Eurozone governments led by Germany have been resisting IMF calls for debt relief for Greece and have been reluctant to go beyond a commitment to look at easing the debt burden in a couple of years' time.

Reuters