Esm Programme

Euro zone leaders clinched a deal with Greece today to negotiate a third bailout to keep the near-bankrupt country in the euro zone after a whole night of haggling at an emergency summit.

Finnish Finance Miniseter Alex Stubb said an extension was "not possible" and said a request for a new rescue programme with the European Stability Mechanism (ESM), the EU's bailout vehicle, "is always dealt with through normal procedures."

The ministers are expected to sign off on the 130 billion euro ($171 billion) rescue programme for Greece.

Euro zone leaders clinched a deal with Greece today to negotiate a third bailout to keep the near-bankrupt country in the euro zone after a whole night of haggling at an emergency summit.

Finnish Finance Miniseter Alex Stubb said an extension was "not possible" and said a request for a new rescue programme with the European Stability Mechanism (ESM), the EU's bailout vehicle, "is always dealt with through normal procedures."

The ministers are expected to sign off on the 130 billion euro ($171 billion) rescue programme for Greece.