Greece secures bailout deal after all-night talks in Athens

Athens

GREECE reached an accord with creditors on the terms of a third bailout, paving the way for national parliaments to vote on the deal before an Aug 20 payment falls due to the European Central Bank (ECB).

After almost two weeks of intensive talks, the four institutions representing Greece's creditors - the ECB, the International Monetary Fund, the European Commission and the European Stability Mechanism rescue fund - forged an initial agreement on measures from pension changes to taxes that will unlock about 85 billion euros (S$132 billion) in funds for Greece.