Greece bailout: Eurozone deal unlocks €10.3bn

Greece has agreed a deal to unlock a further 10.3bn euros ($11.5bn; £7.8bn) in loans from its international creditors, after talks in Brussels. Eurozone finance ministers also agreed to potentially offer Greece debt relief – a concession that was necessary to keep IMF on board. The 19 ministers said the[…]

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Greek parliament approves bailout deal

The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis Tsipras. The package was approved with 229 votes in the 300-seat chamber.[…]

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Greek PM faces party revolt over bailout deal

Greece’s leftwing Prime Minister Alexis Tsipras faces a showdown with rebels in his own party on Tuesday furious at his capitulation to German demands for one of the most sweeping austerity packages ever demanded of a euro zone government. Just hours after a deal that saw Greece surrender much of[…]

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Greek bailout deal agreed

Eurozone leaders have unanimously agreed on a bailout deal for Greece, says the European Union president. Donald Tusk announced on Monday that the agreement would pave the way for Greece to remain a member of the euro by conducting “serious reforms and obtaining “financial support”. The deal – if ratified[…]

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Greece requests three-year bailout

Greece formally requested a three-year bailout from the eurozone’s rescue fund Wednesday and pledged to start implementing some overhauls by the beginning of next week, according to a copy of the request seen by The Wall Street Journal. The letter is a first step toward fulfilling a demand by international[…]

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Voting ends in Greek bailout referendum

Voting has ended in a crucial referendum that will decide whether or not Greeks choose to accept international creditors’ proposals for more austerity in exchange for rescue loans needed to avoid default and a banking collapse. Polling booths closed at 16:00 GMT on Sunday, with opinion polls showing the nation[…]

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Tens of thousands rally in Athens ahead of referendum

The brief but intense campaign in Greece’s critical bailout referendum has ended, with simultaneous rallies in Athens supporting “Yes” and “No” answers to a murky question in what an opinion poll suggests could be a very close vote. Prime Minister Alexis Tsipras called the referendum last weekend, asking Greeks to[…]

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Greece needs extra €60bn in funds and debt relief

The International Monetary Fund has electrified the referendum debate in Greece after it conceded that the crisis-ridden country needs up to €60bn (£42bn) of extra funds over the next three years and large-scale debt relief to create “a breathing space” and stabilise the economy. With days to go before Sunday’s[…]

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Greece imposes capital controls as crisis deepens

Greece moved to check the growing strains on its crippled financial system on Sunday, closing its banks and imposing capital controls that brought the prospect of being forced out of the euro into plain sight. After bailout talks between the leftwing government and foreign lenders broke down at the weekend,[…]

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