Greeks in crisis

Deal reached to keep Greece in the eurozone

Marketplace Staff Jul 13, 2015

From our partners at the  BBC:

Eurozone leaders have reached agreement over a third Greek bailout after marathon talks in Brussels.

Amid one of the worst crises in the EU’s history, the head of the European Commission said the risk of Greece leaving the eurozone had been averted.

Greek Prime Minister Alexis Tsipras said that after a “tough battle,” Greece had secured a “growth package” and debt restructuring.

Greece will now have to pass reforms demanded by the eurozone by Wednesday.

An EU statement spoke of up to €86bn (£61bn) of financing for Greece over three years.

“There will not be a ‘Grexit’,” said European Commission chief Jean-Claude Juncker, referring to the widespread fear that if there had been no deal, Greece could have crashed out of the euro.

Marketplace heads to Greece

Tune in later today to hear Kai Ryssdal broadcasting live from Greece.

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