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You can find the current article at its original source at http://www.theguardian.com/business/2015/jul/13/greece-crisis-how-do-you-feel-about-third-bailout
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Living in Greece: how would you feel about a third Greek bailout? | Living in Greece: how would you feel about a third Greek bailout? |
(about 2 hours later) | |
The Greek government and its eurozone creditors have reached an agreement after marathon overnight talks on a third Greek bailout. | The Greek government and its eurozone creditors have reached an agreement after marathon overnight talks on a third Greek bailout. |
After almost 17 hours of talks between eurozone leaders, Donald Tusk, the head of the European Council, announced that the 19 leaders of the eurozone had unanimously reached agreement. He said they were “all ready to go” on a new programme for Greece under the eurozone bailout fund, the European Stability Mechanism, adding that Athens had signed up to “serious reforms”. | After almost 17 hours of talks between eurozone leaders, Donald Tusk, the head of the European Council, announced that the 19 leaders of the eurozone had unanimously reached agreement. He said they were “all ready to go” on a new programme for Greece under the eurozone bailout fund, the European Stability Mechanism, adding that Athens had signed up to “serious reforms”. |
How do you feel about the prospect of another bailout? How would it affect you, your friend and your family? Have you changed your mind since voting in the referendum? | How do you feel about the prospect of another bailout? How would it affect you, your friend and your family? Have you changed your mind since voting in the referendum? |
You can share your views by clicking on the ‘Contribute’ button on this article. You can also use the GuardianWitness smartphone app or the Guardian app and search for ‘GuardianWitness assignments’. | You can share your views by clicking on the ‘Contribute’ button on this article. You can also use the GuardianWitness smartphone app or the Guardian app and search for ‘GuardianWitness assignments’. |
We’ll feature the most interesting in our reporting. | We’ll feature the most interesting in our reporting. |
The new measures Greece must now implement | |
This includes pension reforms, liberalising its economy (from Sunday opening hours to opening up closed professions), privatising its energy transmission network, reforming its labour market practices (including new rules on industrial action, and collective dismissals), and action on non-performing loans. | |
Here are the key points: | |
And on top of that, Greece will also establish a new fund to sell off valuable assets to help repay its new bailout, and refinance its banks. | |
Or as the statement put it: |