Greek Debt Burden Eased by Eurogroup

Greece has won some relief from its debt burden following the latest talks with eurozone finance ministers, the BBC reports.

The Eurogroup agreed to a series of measures, which include waiving an interest rate increase which was due to take place next year.

Other measures will also lighten the burden, without cutting the overall debt pile.

But ministers did not sign-off a second review of Greece's bailout programme, which could unlock further debt relief.

Monday's measures to ease the debt burden are being seen as a reward for the progress that Greece has made in cutting spending and reforming its economy.

"This will start helping the Greek economy all at once," said Greek Finance Minister Euclid Tsakalotos.