Comment on Text of agreement with creditors submitted to Greek parliament

Text of agreement with creditors submitted to Greek parliament

Athens (AFP) - The Greek parliament late on Tuesday tabled a crucial vote on the text of an international bailout agreement between Athens and its creditors, the parliament said on its website.Prime Minister Alexis Tsipras asked the parliament's president to call in MPs for a vote on Thursday, after the Greek government announced it had reached the outline of a rescue package worth 85 billion euros ($94 billion) to save its stricken economy from collapse.Greece and its creditors -- the EU, the European Central Bank, and the International Monetary Fund -- are under pressure to finalise the deal by August 20 when Athens must repay some 3.4 billion euros to the ECB.The bailout would be in exchange for Greece imposing fiscal and other policy measures including a gas market overhaul, the removal of most early retirement schemes, the elimination of fuel price benefits for farmers, and an increase in some taxes.The European Commission said Tuesday Athens and its creditors had reached a technical agreement "in principle" on a bailout -- the third for the debt-crippled country since 2010 -- after marathon talks stretching into the early hours.Join the conversation about this story »

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News