Greek Debt Deal

The move came after the Greek parliament approved another round of spending cuts and tax increases demanded by international creditors.

The International Monetary Fund (IMF) on Saturday called on Eurozone leaders to offer debt relief to Greece, following the approval of a new third bailout deal.

IMF chief Christine Lagarde on Friday welcomed Europe's decision to agree a new 86-billion-euro bailout for Greece, but warned that Athens' debt is still too high.

Greek Prime Minister Alexis Tsipras today said that he was confident of concluding his debt-crippled nation's third international bailout that will pave the way for default-averting loans.

Greece and its creditors were to continue talks today after marathon discussions late into the night, with both sides indicating that the terms of a third bailout were close to being finalised.

Greek Prime Minister Alexis Tsipras asked Europe to help in handling tens of thousands of refugees coming in from Syria, Afghanistan and other war zones, saying on Friday his cash-strapped country could not deal with them alone.

Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed on Thursday that Athens and its international creditors "can and must" reach a bailout deal after August 15.

Greek Prime Minister Alexis Tsipras on Wednesday said his government is nearing a deal with international creditors on a mammoth bailout, as his spokeswoman raised the prospect of early elections in the fall.

Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe.

Greeks queued outside banks on Monday as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals, the first cautious sign of a return to normal after a deal to start talks on a new package of bailout reforms.

The cautious reopening of the banks, and an increase in value added tax on restaurant food and public transport from Monday, are aimed at restoring trust inside and outside Greece after an aid-for-reforms deal last week averted bankruptcy.

More than half of Germans think the planned deal with Greece is bad and many would have preferred that the crisis-stricken country left the euro zone rather than getting the chance for further aid, according to an opinion poll.

German Chancellor Angela Merkel and her Finance Minister Wolfgang Schaeuble on Thursday urged conservative lawmakers to back a third debt deal for Greece, on the eve of a key Bundestag vote on the new rescue package.

An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.

Having staved off financial meltdown with a new agreement from Greece's international creditors, Tsipras now faces the anger of lawmakers and the public for agreeing to measures much tougher than those rejected in a referendum on July 5.

The move came after the Greek parliament approved another round of spending cuts and tax increases demanded by international creditors.

The International Monetary Fund (IMF) on Saturday called on Eurozone leaders to offer debt relief to Greece, following the approval of a new third bailout deal.

IMF chief Christine Lagarde on Friday welcomed Europe's decision to agree a new 86-billion-euro bailout for Greece, but warned that Athens' debt is still too high.

Greek Prime Minister Alexis Tsipras today said that he was confident of concluding his debt-crippled nation's third international bailout that will pave the way for default-averting loans.

Greece and its creditors were to continue talks today after marathon discussions late into the night, with both sides indicating that the terms of a third bailout were close to being finalised.

Greek Prime Minister Alexis Tsipras asked Europe to help in handling tens of thousands of refugees coming in from Syria, Afghanistan and other war zones, saying on Friday his cash-strapped country could not deal with them alone.

Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed on Thursday that Athens and its international creditors "can and must" reach a bailout deal after August 15.

Greek Prime Minister Alexis Tsipras on Wednesday said his government is nearing a deal with international creditors on a mammoth bailout, as his spokeswoman raised the prospect of early elections in the fall.

Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe.

Greeks queued outside banks on Monday as they reopened three weeks after closing to stop the system collapsing under a flood of withdrawals, the first cautious sign of a return to normal after a deal to start talks on a new package of bailout reforms.

The cautious reopening of the banks, and an increase in value added tax on restaurant food and public transport from Monday, are aimed at restoring trust inside and outside Greece after an aid-for-reforms deal last week averted bankruptcy.

More than half of Germans think the planned deal with Greece is bad and many would have preferred that the crisis-stricken country left the euro zone rather than getting the chance for further aid, according to an opinion poll.

German Chancellor Angela Merkel and her Finance Minister Wolfgang Schaeuble on Thursday urged conservative lawmakers to back a third debt deal for Greece, on the eve of a key Bundestag vote on the new rescue package.

An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.

Having staved off financial meltdown with a new agreement from Greece's international creditors, Tsipras now faces the anger of lawmakers and the public for agreeing to measures much tougher than those rejected in a referendum on July 5.