ECB chief: Greek deal will 'reduce uncertainty'

European Central Bank President Mario Draghi pictured after the meeting
European Central Bank President Mario Draghi pictured after the meeting Credit: APTN

European Central Bank President Mario Draghi said he "very much" welcomed the Eurozone finance minister's decision to reduce the Greek debt target.

Mr Draghi said following the meeting in Brussels that it would "certainly reduce the uncertainty and strengthen confidence in Europe and in Greece".

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Eurozone reaches Greek deal

Greece is on its way to getting the next tranche of its much-needed bailout loans after finance ministers from the Eurozone countries agreed on a programme to reduce the country's debt.