Topics

Finance

Greece reaches tentative deal for third bailout; Parliament to meet

Greece reaches tentative deal for third bailout; Parliament to meet

The European Commission said Tuesday that Greece has agreed in principle to a third bailout deal with its creditors, raising hopes of an end to months of political and economic uncertainty. The apparent breakthrough came after a series of marathon talks in Athens aimed at securing Greece’s place in the Eurozone — the 19 nations using the euro currency — and preventing the country from defaulting on its debts on Aug. 20. But despite acknowledging the positive step forward, the European Commission was quick to say that this was only a “technical-level agreement” and that there has yet to be any political agreement. “Talks are still ongoing on finalizing...

Loading
81°