Cartoon Greece gets third bailout

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Published on 13 August 2015 at 09:58

See you!…Next time…
After six weeks of talks Greece and its creditors agreed on 11 August on a memorandum of understanding over a new bailout plan. The amount of the plan, the third since 2010, is yet to be decided.

Greece has agreed on a wide range of reforms – including pension, tax and healthcare reforms – as prior actions, which the Parliament was set to vote on 13 August, while the memorandum needs to be endorsed by the Eurogroup on 14 August and then ratified by eurozone countries.

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