Eurogroup agrees new Greek bailout Eurozone finance ministers have agreed on a new bailout deal for Greece after Athens backed the plan.European Commission President Jean-Claude Juncker said the deal sent a message "loud and clear" - Greece will stay in the eurozone.The agreement demands tax rises and more tough spending cuts in return for Greece's third bailout in five years.The deal means new loans of up to €86bn ($95bn; £61bn) will be made available over the next three years.
08-15-2015, 11:48 AM
Eurogroup agrees new Greek bailout
Eurozone finance ministers have agreed on a new bailout deal for Greece after Athens backed the plan.European Commission President Jean-Claude Juncker said the deal sent a message "loud and clear" - Greece will stay in the eurozone.The agreement demands tax rises and more tough spending cuts in return for Greece's third bailout in five years.The deal means new loans of up to €86bn ($95bn; £61bn) will be made available over the next three years.
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