Home News Greek deal almost closed

Greek deal almost closed

0
Greek deal almost closed

Greek shares surged this morning as it was confirmed that Greece has agreed a bailout deal with its creditors.

Finance Minister Euclid Tsakalotos confirmed only “two or three small issues” were pending. The banking index rose 6 percent on the news.

Greek officials have been locked in a 23-hour session with its creditors since Monday morning. The country’s first 3 nillion euro repayment is due on the 20th August, and Tsipras hopes to pass the deal through Parliament by the weekend.

A deal is needed to ensure Greece stays in the Euro, and is rumoured at around 86 billion euros.