Eurogroup agrees to third Greek bailout after Athens endorses deal
- 9 years ago
The president of the European Commission says the new bailout deal for Greece sends out the message that Athens will remain in the eurozone.
Eurogroup finance ministers approved a third bailout after Greek MPs endorsed the deal.
The deal requires tax hikes and more tough spending cuts in return for 85 billion euros in funding that will be made available over the next three years..
This is Greece's third bailout program since 2010.
The head of the IMF, Christine Lagarde, has called for the government in Athens to be given significant debt relief.
She says Europe should help as Athens can not put its fiscal house in order on its own.
Eurogroup finance ministers approved a third bailout after Greek MPs endorsed the deal.
The deal requires tax hikes and more tough spending cuts in return for 85 billion euros in funding that will be made available over the next three years..
This is Greece's third bailout program since 2010.
The head of the IMF, Christine Lagarde, has called for the government in Athens to be given significant debt relief.
She says Europe should help as Athens can not put its fiscal house in order on its own.