German Finance Minister Wolfgang Schäuble says the IMF took some convincing to stick around. In return Germany acknowledges a possible need for debt relief for Greece - in 2018
Eurozone finance ministers have reached a "political agreement" to grant Greece €6.7 billion in bailout money. The ministers praised Greece's progress, putting it on track to leave its bailout program this year.
Greece's parliament has voted to approve a package of reforms demanded by the country's international lenders in return for fresh bailout funds. But many Greeks turned out to protest against the measures.
Greece's creditors have concluded a first round of fresh bailout inspections to assess reforms. Even if deadlines are met, a shattered economy and battered public trust will linger behind, says Anthee Carassava.
Finance Minister Euclid Tsakalotos has said an IMF report on the Greek economy 'fails to do justice' to the country's potential. The Athens government remains deadlocked with lenders over its multibillion debt bailout.
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