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Memorandum of understanding: What exactly has Greece signed up for? Memorandum of understanding: what exactly has Greece signed up for?
(35 minutes later)
New details have emerged of the extraordinarily detailed new memorandum of understanding struck between Greece and its creditors in exchange for an €86bn bailout. The actions Athens have agreed to take are divided into four “pillars”:New details have emerged of the extraordinarily detailed new memorandum of understanding struck between Greece and its creditors in exchange for an €86bn bailout. The actions Athens have agreed to take are divided into four “pillars”:
Restoring fiscal sustainabilityRestoring fiscal sustainability
Safeguarding financial stabilitySafeguarding financial stability
Related: Greek bailout terms to give eurozone vast powers over policymakingRelated: Greek bailout terms to give eurozone vast powers over policymaking
Growth, competitiveness and investmentGrowth, competitiveness and investment
A modern state and public administrationA modern state and public administration