greece pm papandreou hails \new era\ after eu deal
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Greece PM Papandreou hails \'new era\' after EU deal

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Emiratesvoice, emirates voice Greece PM Papandreou hails \'new era\' after EU deal

Brussels - AFP
Greece's Prime Minister George Papandreou on Thursday hailed "a new era, a new chapter" for the debt-strapped nation after Europe's leaders clinched a breakthrough deal aimed at containing the euro area debt crisis. The deal notably will cut 100 billion euros off Greece's 350-billion-euro debt mountain thanks to an agreement between the eurozone and a banking lobby for banks to take 50 percent losses on Greek debt.  

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