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Greece has agreed a bailout deal
 
By:
Tue, 11 Aug 2015   ||   Nigeria,
 

Greece has agreed a bailout deal "in principle" with its creditors. The European Commission said a technical deal had been reached in the early hours of today between parties including Greece, the International Monetary Fund and the European Central Bank.

Earlier, Greece's Finance Minister Euclid Tsakalotos had said two or three small issues, were yet to be resolved with lenders, following overnight talks in Athens. A deal is needed to keep the country in the Eurozone and avert bankruptcy.

The Greek government is hoping to push a new eighty-five billion Euros three-year agreement through parliament later this week.

The Finnish Finance Minister Alexander Stubb sounded a cautious note, saying more work needed to be done with the details to finalize the agreement. The Euro group of Eurozone Finance Ministers is to meet on Friday to discuss approval of the deal.

 

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