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Eurozone finance ministers back third Greek bailout

2015-08-14 49 Dailymotion

The finance ministers from the 19 countries that use the single European currency have approved a third bailout for Greece.<br /><br /> The informal body, known as the Eurogroup, backed granting Athens 86 billion euros in emergency loans.<br /><br /> Dutch Finance Minister Jeroen Dijsselbloem, who chairs the Eurogroup, said the agreement was “comprehensive and ambitious.<br /><br /> “If implemented with determination, the deal will allow the Greek economy to return to growth,” he told reporters after talks in Brussels.<br /><br /> It ends – for now – the uncertainty that has been hanging over Greece’s future in the eurozone.<br /><br /> “The message of today’s Eurogroup is loud and clear: on this basis, Greece is and will irreversibly remain a member of the euro area,” said European Commission president Jean-Claude Juncker.<br /><br /> The decision came hours after MPs in Greece voted to support the details of the bailout.<br /><br /> The Greek government will have to enact further deep spending cuts and hike taxes as part of the agreement.<br /><br /> It must als

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