August 13, 2015
Details of Greece’s latest bailout package were being pored over across Europe on Wednesday as Prime Minister Alexis Tsipras insisted the agreement with creditors would put “a definitive end” to the country’s economic uncertainty.
Tsipras has called an emergency session of parliament to discuss and vote on the bill, which includes painful tax hikes and spending cuts, in time for a possible meeting of the eurozone’s 19 finance ministers Friday.
The agreement must be finalized so funds on offer can be released in time for Greece to avoid defaulting on a big debt repayment to the European Central Bank on Aug. 20.
