Greece to seek debt relief at eurozone meeting


Greece plans to ask the eurozone to ease the country's debt burden at a meeting today of the bloc's finance ministers in Brussels.

Greece's Yannis Stournaras is expected ask for loan repayments to be extended to 50 years from 30 years and for lower interest rates on some of the nation's debt.

The requests would come after Greece achieved a primary debt surplus in 2013 for the first time in a decade, and after it auctioned €3B of five-year bonds in April. However, Greece's debt and economic forecasts are rosier than those of its creditors.

ETF: GREK

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