Unanimous ‘AGreekment’ on Greek Debt Crisis Reached: EU agrees to allocate €86bn over 3 years

Posted by on July 13, 2015 in Bankers & Wall St., Government with 0 Comments

Source: RT

After 17 hours of marathon talks, the eurozone leaders have reached an agreement over a third three-year bailout for debt-ridden Greece worth around €82-86 billion, which averts the risk of the country leaving the eurozone.

Greek debt crisis: EU leaders struggle to reach bailout compromise LIVE UPDATES

In his Twitter account the President of the European Council Donald Tusk said that agreement on Greece was reached “unanimously.” All of the key participants in the talks acknowledged that the deal means a so-called Grexit was no longer on the agenda.

The program will affect the overall pension reform, reform of the product markets, privatization and changes in labor exchanges,said German Chancellor Angela Merkel after the eurozone summit Monday.

“We have been long engaged in the matter of the size of the program, which is very significant – from €82 to €86 billion over three years,” she said at a news conference.

A write-off of Greece’s debt is not on the agenda, she added.


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