NEWS

Democratic Left chief hails deal as 'decisive step'

The Greek government's junior coalition partner, Democratic Left, hailed a deal with the country's creditors as a «decisive step toward Greece remaining in the euro" on Tuesday, shortly after an agreement was reached between the country's foreign creditors on a series of measures to lighten the Greek debt burden.

In a statement issued after the announcement that an agreement was reached in a marathon session between eurozone finance ministers and the International Monetary Fund, Democratic Left leader Fotis Kouvelis said that "the decisions of the Eurogroup for the continuation of funding and the reduction of the debt burden comprise a decisive step toward Greece remaining in the euro."

The statement added that "a lot remains to be done on a European level for the handling of the crisis and Greece must have an significant participation in this process.

"The country must persist with its for stabilization and recovery efforts, with the overhaul of the public sector, the promotion of growth-oriented measures to offset the recession and the creation of a network of social support," Kouvelis added in his statement.

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