Eurozone allows new Greek bailout, but default clock still ticking

  • 2/5/2023
  • 20:30
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Brussels, Ramadan 26, 1436 AH, July 13, 2015 SPA -- Eurozone leaders avoided an imminent Greek exit from the eurozone Monday by agreeing to launch negotiations on a new bailout programme for the cash-strapped country following marathon talks in Brussels, dpa reported. Greek Prime Minister Alexis Tsipras said Monday's deal had involved "difficult decisions and hard dilemmas." The new three-year bailout, estimated at between 80 and 86 billioneuros (89-95 billion dollars), is subject to approval by several national parliaments, including those of Greece and Germany, the biggest creditor nation in the eurozone. --SPA 13:33 LOCAL TIME 10:33 GMT www.spa.gov.sa/w

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