© 2020 WFAE
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

IMF May Allow Some Flexibility In Greece's Debt Plan

LINDA WERTHEIMER, HOST:

NPR's business news starts with a Greek debt plan.

The International Monetary Fund is reportedly close to approving a deal that would give Greece more flexibility in its efforts to cut its massive debt burden. This will give Greece more time and allow a higher debt-to-GDP ratio than had been agreed on before, according to Reuters. And it should clear the way for the Greek government to get the next round of much-needed financial assistance, which is seen as crucial to boosting a flagging European economy. Transcript provided by NPR, Copyright NPR.