European finance ministers eased the terms on emergency aid forGreece, declaring after three years of false starts that Europe hasfound the formula for nursing the debt-stricken country back tohealth.

In the latest bid to keep the 17-nation euro intact, theministers cut the rates on bailout loans, suspended interestpayments for a decade, gave Greece more time to repay andengineered a Greek bond buyback. The country was also cleared toreceive a 34.4 billion-euro ($44.7 billion) loan installment inDecember. Greek bonds rose.

“This has been a very difficult deal,” Luxembourg Prime MinisterJean-Claude Juncker told reporters in Brussels after chairing a13-hour meeting that ended early today. “All initiatives decidedupon today will bring Greece's public debt clearly back on asustainable path.”