Reuters reporting:
- Euro zone ministers, IMF reach agreement on Greek debt relief, reforms - euro zone officials
Just that headline for the time being - I expect a presser soon with all the pie-in-the-sky- kick-the-can fairytale news soon
More now:
- Euro zone deal with Greece covers all issues, including need to support Greece, including debt - French fin min Sapin
- Deal struck with Greece -Sapin
- Greek debt deal with euro zone agreed in precise manner in short-, medium- and long-term -Sapin
- IMF is part of euro zone deal with Greece - Sapin
More:
- Dombrovskis - Euro area approves 10.3bn EUR payout to Greece (Valdis Dombrovskis of the EU)
And more:
- Euro zone, IMF debt deal for Greece in short term envisages smoothening of EFSF loan repayments
- Debt del for Greece in short term also envisages reducing interest rate risk
Eurogroup President Jeroen Dijsselbloem:
- There is full agreement of lenders on package of Greek reforms
- Says Euro zone bailout fund will provide 10.3bn EUR to Greece in several disbursements
- Greek programme is fully back on track
- Says Euro zone ministers, IMF agreed on debt measures for short-, medium- if needed and additional steps for the long-term
- In the short-term the measures are to do with debt management
- In medium term Greek debt measures are scheduled for mid-2018 upon implementation of all bailout reforms
- Says Greece is to get back profits made by ECB on Greek bond purchases under the SMP programme
- Some of Greek loans will be repaid early from unused ESM money for bank recap
- Says EFSF loans to Greece to be reprofiled
- Says additional debt measures can be provided in the long term to keep Greek gross financing needs below 15 pct of GDP
- IMF is on board for Greek deal
- IMF to recommend participation in Greek bailout by end of year
- Says the scope of debt relief in 2018 will be decided on the basis of a revised debt analysis
- Confidence between IMF and Euro zone and Greece has started to recoved
ps. Link to the presser
Meanwhile, EUR/USD doing near nothing
Added - the Eurogroup statment