- Eurogroup to meet on Friday to approve deal
- Germany voices usual caution
- Greek shares rise, bond yields fall
- China devalues yuan by record 1.9%, sending ripples through global markets
- Closing summary
Greece has agreed a deal in principle with its lenders about a third bailout, worth around €85bn and allowing some €10bn to be disbursed to the country’s struggling banks almost immediately. There is a long list of reforms the country has to carry out in return for the cash.
But the agreement needs to be approved by state parliaments, with Greece set to discuss it on Thursday. The Eurogroup of finance ministers is expected to meet on Friday to examine the deal, after conference calls between deputies taking place today.
New IMF Greece mission chief told senior euro officials that fund ready 2 participate by Oct, provided action on debt http://t.co/Z1HmUkWhBP
Source: The Guardian Circular Economy RSS