Source: www.theguardian.com - Tuesday, August 11, 2015 Prime minister Alexis Tsipras calls emergency sessions of parliament to vote on €86bn bailout measures, which will see further spending cuts imposed Greece’s stock market has surged on news that the indebted country and its creditors have reached an outline agreement over an €86bn (£61bn) bailout. Athens’ benchmark ATG equity index closed up 2.1%, while the country’s banking index also climbed 3%, although they remain down 15% and nearly 70% respectively since the start of 2015. Under the terms of the bailout, Greece’s third in five years, the country’s struggling banks would get an immediate €10bn and be recapitalised by the end of the 2015, meaning “absolutely no risk of a haircut on deposits”, a government statement said. Related: Greece is being blackmailed. Exiting the eurozone is its way out | Costas Lapavitsas Continue reading...All Related | More on Greece
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