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Greece Agrees To New Deal With EU Partners, IMF

STEVE INSKEEP, HOST:

NPR's business news begins with a boost for the eurozone.

(SOUNDBITE OF MUSIC)

INSKEEP: They say they've really worked it out this time. Greece has agreed to a new loan and debt deal with its European Union partners and the International Monetary Fund. The agreement will see Greece cut its debt by $51 billion, clearing the way for new loans of around $60 billion. Analysts say this now makes it unlikely that Greece will default on its debt or pull out of Europe's currency, the euro. Transcript provided by NPR, Copyright NPR.

NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

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