Under the terms of the deal, the country has been granted 22 years — which includes a 10-year grace period — to pay off the 10 billion euro bailout loan at an interest rate of 2.5-2.7 percent. The first disbursement of aid money is expected in May.
Stylianides said the troika won’t have any say in how future revenues generated from the country’s newfound offshore gas deposits will be used.
The government spokesman said other amendments to the deal include allowing part-time government workers to keep their jobs, to be funded by civil servants taking a pay cut; making it easier for debtors to pay off loans; avoiding a tax on dividends and affording some protection to Laiki bank pension funds.
Nicholas Paphitis in Athens contributed.