Gov’t, troika reach deal, paving way for aid release

Gov’t, troika reach deal, paving way for aid release

 

Government and troika officials on Monday announced that they had finally reached a deal on a series of contentious reforms – including thousands of layoffs in the civil service – following two weeks of tough talks, paving the way for the release of crucial rescue funding over the coming days.

After Finance Minister Yannis Stournaras heralded the breakthrough on Monday morning, telling reporters, “We have a deal,” Prime Minister Antonis Samaras gave a triumphant televised address in which he sought to reassure Greeks that three years of tough measures had not been in vain.