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

EconomyProgramme Tags: Eurogroup
Photo by EU Council via Flickr
Photo by EU Council via Flickr

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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