Eurogroup approves 3rd bailout for Greece but expects swift, extensive action

EconomyProgramme Tags: Eurogroup
Photo by EU Council via Flickr https://flic.kr/p/gDK7GV
Photo by EU Council via Flickr https://flic.kr/p/gDK7GV

The Eurogroup agreed on the terms of Greece’s third bailout on Friday, paving the way for Athens to receive its first tranche from a package of up to 86 billion euros in new loans next week.

The agreement in Brussels came after a relatively straightforward meeting that took place a few hours after Greek Parliament approved with a broad majority, even though Prime Minster Alexis Tsipras saw a growing rebellion from the radical left wing of h...

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