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PoliticAverse

(26,366 posts)
Tue Aug 11, 2015, 02:27 AM Aug 2015

Greece and lenders agree new bailout deal, finance minister says

Greece and its international creditors agreed a new multibillion-euro bailout deal on Tuesday, in an accord which will keep the country in the eurozone and avert bankruptcy.

The Greek finance minister, Euclid Tsakalotos, said on Tuesday that minor details were left pending in talks with lenders after all-night negotiations concluded on a new bailout package to keep Greece financially afloat.

Two or three small issues are pending with lenders, Tsakalotos told reporters after 18 hours of talks with the European Union, the European Central Bank and the International Monetary Fund in Athens.

Greece needs up to €86bn (£61bn) to stave off a financial meltdown and stay in the eurozone. At least €3bn is needed by 20 August to settle an ECB debt.

Read the rest at: http://www.theguardian.com/world/2015/aug/11/greece-and-lenders-agree-new-bailout-deal-says-finance-ministry-official

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