EUROZONE-GREECE/BAILOUT-MINISTERS Greece, lenders clinch bailout deal after marathon talks
Record ID:
144232
EUROZONE-GREECE/BAILOUT-MINISTERS Greece, lenders clinch bailout deal after marathon talks
- Title: EUROZONE-GREECE/BAILOUT-MINISTERS Greece, lenders clinch bailout deal after marathon talks
- Date: 11th August 2015
- Summary: ATHENS, GREECE (AUGUST 11, 2015) (REUTERS) GREEK ECONOMY MINISTER, GEORGE STATHAKIS, AND FINANCE MINISTER, EUCLID TSAKALOTOS, WALKING IN LOBBY OF HILTON HOTEL, VENUE FOR TALKS BETWEEN GREECE AND INTERNATIONAL CREDITORS STATHAKIS AND TSAKALOTOS EMERGING FROM BUILDING (SOUNDBITE) (Greek) FINANCE MINISTER, EUCLID TSAKALOTOS, SAYING (ASKED ABOUT IMPLEMENTATION OF PRIOR ACTIONS): "Yes, there are one or two small issues, but we are almost there." CARS DRIVING AWAY VARIOUS OF EXTERIORS OF HILTON HOTEL WITH SCULPTURE OF 'THE RUNNER' IN FOREGROUND
- Embargoed: 26th August 2015 13:00
- Keywords:
- Location: Greece
- Country: Greece
- Topics: General
- Reuters ID: LVA9OEQ2V18BUR69XMSMQWFT0YAO
- Aspect Ratio: 16:9
- Story Text: Greece and its international lenders clinched a multi-billion-euro bailout agreement on Tuesday (August 11) after marathon talks through the night, officials said.
The agreement raises hopes that aid can be disbursed in time for a major debt repayment falling due in days.
After an 23-hour session that began Monday (August 10) afternoon, exhausted Greek officials emerged in a central Athens hotel to announce the two sides had agreed details of the deal though a couple of minor issues remained to be ironed out.
A finance ministry official said an agreement had been reached.
Greek Finance Minister Euclid Tsakalotos said there were still minor details that needed to be clarified.
"There are one or two small issues, but we are almost there," said Tsakalotos, as he left talks early on Tuesday.
The pact is expected to be worth up to 86 billion euros ($94.75 billion) in fresh loans for debt-ridden Greece, but there was no immediate confirmation of its size.
Greek officials have said they expect the accord to be ratified by parliament on Wednesday (August 12) or Thursday (August 13) and then be vetted by euro zone finance ministers on Friday (August 14) . This would pave the way to aid disbursements by August 20, when a 3.2 billion euro debt payment is due to the European Central Bank.
An agreement would close a painful chapter of aid talks for Greece, which fought against austerity terms demanded by creditors for much of the year before relenting under the threat of being bounced out of the eurozone. - Copyright Holder: REUTERS
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