VIDEO: Juncker announces Greek deal reached
After more than 12 hours of talks, the countries that use the euro reached an agreement early Tuesday to hand Greece €130 billion in additional bailout loans to save it from a potentially disastrous default next month.
(AP) After more than 12 hours of talks, the countries that use the euro reached an agreement early Tuesday to hand Greece €130 billion in additional bailout loans to save it from a potentially disastrous default next month.
The eurozone and the International Monetary Fund, which will be providing the money for the new bailout, hope the new program will eventually put Greece back into a position where it can survive without external support and secure its place in the euro currency union. Finance ministers from Greece and the other 16 euro countries meeting in Brussels wrangled until the early morning hours over how that could be achieved.
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