Road to recovery now open: Greek PM

 ATHENS, Nov. 27 (Xinhua) -- The road to recovery is now open, Greek Prime Minister Antonis Samaras said on Tuesday evening on the results of the agreement clinched¹ between the eurozone and the International Monetary² Fund on the Greek bailout and debt.

"Our strategy was proven right ... A dark period for Greece comes to an end," the prime minister said in a televised address to the nation, hailing Eurogroup's decision to disburse³ the next tranche of international bailout loans to Athens in coming weeks and reduce its sovereign debt to make it sustainable.

Samaras said that Greece restored its credibility and turned a harsh austerity program into a reform plan which leads to growth, ensuring its future in the eurozone.

Without further aid from international lenders, the debt-wrecked country could default by the end of this year and most likely exit the euro.

The success belongs to all Greek people, supporters and critics of the government strategy, Samaras stressed, adding that all Greeks will benefit from the deal which paves the way for the immediate⁴ investment in the real economy of at least 7 billion euros (9 billion U.S. dollars) out of a total 43.7 billion euros to be released.

A major part of the aid will be used for the recapitalization of Greece's banking⁵ sector⁶ which is expected to refinance the real economy in turn in coming months.

Samaras is scheduled to meet his two centre-left coalition⁷ government partners on Wednesday to decide on the next steps to address the crisis. (1 euro= 1.30 U.S. dollars)

1 clinched   

v.（尤指两人）互相紧紧抱[扭]住( clinch的过去式和过去分词 )；解决（争端、交易），达成（协议）

参考例句：

• The two businessmen clinched the deal quickly. 两位生意人很快达成了协议。 来自《简明英汉词典》
• Evidently this information clinched the matter. 显然，这一消息使问题得以最终解决。 来自辞典例句

2 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

3 disburse   

v.支出，拨款

参考例句：

• Cashiers receive and disburse money in establishments other than financial institutions.除了金融机构，出纳员也会在一些社会机构里收款付款。
• On approval,we will disburse the fund to your designated bank account directly.一经批核，贷款将于扣除手续费后直接存入您指定的银行账户。

4 immediate   

adj.立即的；直接的，最接近的；紧靠的

参考例句：

• His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
• We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。

5 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

6 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

7 coalition   

n.结合体，同盟，结合，联合

参考例句：

• The several parties formed a coalition.这几个政党组成了政治联盟。
• Coalition forces take great care to avoid civilian casualties.联盟军队竭尽全力避免造成平民伤亡。