Greece Gets Help With Debt

    ATHENS, GREECE - NOVEMBER 14:  Protestors stand with a Greek flag outside the Greek parliament during an anti-austerity protest on November 14, 2012 in Athens, Greece. Unions in Spain, Portugal and Greece went on strike in what has become the first broad-based anti-austerity action to protest government plans amid a wide economic scope across Europe.  (Photo by Milos Bicanski/Getty Images)

    Milos Bicanski / Getty Images

    After a long and arduous negotiation process, euro-zone finance ministers and the International Monetary Fund finally struck a deal on Monday to help Greece manage its debt. The creditors agreed to lessen Greece’s debt burden by 40 billion euros, a move that should help Athens bring in more aid to help with its faltering banking system. It’s not clear whether the relief will come in the form of lowered interest rates or a debt-buyback program. Greek officials hailed the agreement, saying the country was rewarded for imposing harsh austerity measures.

    Read it at Reuters