The International Monetary Fund is reportedly close to approving a deal that would give Greece more flexibility in its efforts to cut its massive debt burden. This will give Greece more time and allow a higher debt-to-GDP ratio than it had agreed on before, according to Reuters. And it should clear the way for the Greek government to get the next round of much needed financial assistance, which is seen as crucial to boosting a flagging European economy.
Support the news
More NPR or Explore Audio.