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.
NEW DEAL Milos Bicanski / Getty Images