Article GH2Q Tsipras: Greece on 'final stretch' of talks with creditors over bailout deal

Tsipras: Greece on 'final stretch' of talks with creditors over bailout deal

by
Jennifer Rankin
from Economics | The Guardian on (#GH2Q)

Greek prime minister says agreement could end uncertainty over country's place in eurozone as its banks take a stock market hammering

Greece is "in the final stretch" of talks with lenders on a multibillion-euro bailout, the country's prime minister, Alexis Tsipras, has said, on a day when banks suffered more punishing losses on the Athens stock market.

Greece and its creditors are racing to agree a complex, three-year deal worth up to a86bn (60bn) by 20 August, when Athens must come up with a3.5bn to repay debts to the European Central Bank.

Related: Greece needs wide debt relief to avoid permanent depression, thinktank warns

Related: Greek shares nosedive as manufacturing data reveals economy in shock

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