Greece and its
international lenders reached an 85 billion euro bailout agreement on
Tuesday Aug 11,2015after nailing down the terms of new loans needed to save the
country from financial ruin
The agreement gives Greece some respite after a turbulent year marked by acrimonious talks with lenders, the imposition of capital controls and a three-week shutdown of its banks before Athens capitulated last month to creditors' demands for deep austerity measures in order to receive new loans..
The deal, which came after 23 hours of talks that continued through the night, must still be adopted by Greece's parliament and by euro zone countries.
The deal has caused a rebellion within Prime Minister Alexis Tsipras's Syriza party, forcing him to rely on opposition support in parliament and raising talk of early elections in the autumn.
Prime Minister Alexis Tsipras wants parliament to approve the deal by Thursday Aug 13,2015, before the euro zone finance ministers reconvene
The agreement gives Greece some respite after a turbulent year marked by acrimonious talks with lenders, the imposition of capital controls and a three-week shutdown of its banks before Athens capitulated last month to creditors' demands for deep austerity measures in order to receive new loans..
The deal, which came after 23 hours of talks that continued through the night, must still be adopted by Greece's parliament and by euro zone countries.
The deal has caused a rebellion within Prime Minister Alexis Tsipras's Syriza party, forcing him to rely on opposition support in parliament and raising talk of early elections in the autumn.
Prime Minister Alexis Tsipras wants parliament to approve the deal by Thursday Aug 13,2015, before the euro zone finance ministers reconvene
No comments:
Post a Comment