Eurozone approves Greek bailout accord worth up to €86bn
Greece's Finance Minister Euclid Tsakalotos (R)
Brussels - AFP
Eurozone finance ministers approved Friday a third debt bailout worth up to 86 billion euros to keep Greece afloat and avoid its chaotic exit from the single currency bloc, officials said.
"New loans of up to 86 billion euros will be made available over the next three years to Greece," the European Commission said in a statement after six hours of talks to nail down the tough and far-reaching reforms Athens must implement in return.
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