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Greece reaches bailout deal, says Greek official Greece closer to bailout deal, says Tsakalotos
(34 minutes later)
Greece and its international creditors have agreed on a new multi-billion euro bailout deal, according to a Greek finance ministry official. Greece only has minor details to be ironed out with its creditors to reach a bailout deal, according to Greek finance minister Euclid Tsakalotos.
The agreement should keep the country in the eurozone and avert bankruptcy. "Two or three small issues," are pending with lenders, Reuters quoted Mr Tsakalotos as saying.
"An agreement has been reached. Some minor details are being discussed right now," the official said. An agreement is needed keep the country in the eurozone and avert bankruptcy.
The deal was struck after marathon overnight talks between Greece and its lenders in Athens. Earlier, Reuters quoted a Greek official as saying an agreement had been reached in talks between Greece and its lenders in Athens.
Greece has agreed the function of a new independent privatisation fund, and how non-performing bank loans will be administered, according to the official.
Both issues had been key sticking points in negotiations.
"Finally, we have white smoke," the official was quoted as saying.