Greece secures third bailout after Germany backs down on opposition

Jean-Claude Juncker claims Greece will 'irreversibly' remain part of the single currency after eurozone finance ministers approve the new deal

Greece clinched a three-year bailout worth a86bn (60bn) after parliamentarians in Athens backed the deal, and Germany backed down on its opposition to the third rescue of the bankrupt country in five years.

A meeting of eurozone finance ministers in Brussels representing the country's main creditors agreed to launch the new bailout with a26bn being disbursed next week following six months of bitter recrimination that almost saw the country, under the leftwing government of Alexis Tsipras, becoming the first to exit the single currency.

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