Greece and Creditors Move Toward Deal, and Investor Optimism Surges
ByATHENS — Optimism rose on Friday over the prospects of an accord between Greece and its international creditors, as the two sides weighed the latest measures from Athens aimed at overhauling its economy and securing its place in the euro currency bloc.
Prime Minister Alexis Tsipras’s government on Thursday agreed to meet most of the terms demanded by the creditors with a mix of tax increases and spending cuts, and it requested a three-year, 53.5 billion euro, or $59 billion, bailout as a starting point for talks about possible debt relief.
How lawmakers in Greece and the country’s creditors — the European Central Bank, the International Monetary Fund and the other eurozone countries, including a skeptical Germany — will receive the government’s latest proposal will determine whether the nation will be able to halt its economic tailspin and avoid a potentially chaotic exit from the eurozone…
Greece and Creditors Move Toward Deal, and Investor Optimism Surges
