July 7, 2020 / 9:43 AM / a month ago

Euro zone agrees 750 million euros of debt relief measures for Greece

A woman walks past an announcement calling for customers to maintain social distancing at a beach bar, following the coronavirus disease (COVID-19) outbreak, on the island of Kos, Greece, June 29, 2020. REUTERS/Alkis Konstantinidis/Files

BRUSSELS (Reuters) - The euro zone agreed on Tuesday new debt relief measures for Greece worth about 750 million euros ($840 million) as part of the country’s post-bailout programme.

The money comes from profits made by euro zone central banks on Greek government bonds and the reduction to zero of the step-up interest margin on certain euro zone loans to Athens this year, said the European Stability Mechanism (ESM), the bloc’s rescue fund.

Reporting by Francesco Guarascio; Editing by Andrew Heavens

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