Tentative deal reached on bailout package for Greece
Posted Jul 13, 2015 05:10:16 AM.
Last Updated Jul 13, 2015 08:28:35 AM.
This article is more than 5 years old.
The 19 eurozone leaders reached a tentative deal this morning that would see cash-strapped Greece get a third bailout in five years.
The agreement demands the Greek government cut spending even further.
In a referendum eight days ago, Greek voters rejected many of the measures Prime Minister Alexis Tsipras agreed to today.
Tsipras tried to put the best face on the situation saying his country “will fight to return to growth and to reclaim its lost sovereignty.”
The accord has alleviated fears of Greece going bankrupt and loosing its membership in the eurozone group of nations.
Add CityNews Kitchener as a trusted source on Google to see more local stories from us.
