1. Greek bailout details ironed out as bill goes to parliament

Greek bailout details ironed out as bill goes to parliament

Greece and its creditors have cleared up outstanding issues on a new bailout package for the debt-laden country.

By: | Published: August 12, 2015 6:43 PM

Greece and its creditors have cleared up outstanding issues on a new bailout package for the debt-laden country.

EU economic affairs spokesperson Annika Breidthardt said Wednesday that ”all last details have been clarified” and that senior EU finance officials would discuss the agreement by phone in the evening.

It could pave the way for a meeting of eurozone finance ministers to endorse the package, possibly on Friday.

EU officials say the deal aims to eliminate any uncertainty over reforms required from Greece and that ”up-front action” is needed from Athens to gain access to the funds. They spoke only on condition of anonymity, in line with their department’s rules.

The bailout is based on forecasts that Greece’s economy would return to growth of 2.7 percent in real terms in 2017.

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