Eurozone finance ministers agreed to provide a third bailout programme to Greece

Market news

17 July 2015

Eurozone finance ministers agreed to provide a third bailout programme to Greece

Eurozone finance ministers agreed on Thursday to provide a third bailout programme to Greece.

"The Eurogroup welcomes the adoption by the Greek Parliament of all the commitments specified in the Euro Summit statement of 12 July. We reached today a decision to grant in principle a 3-year ESM stability support to Greece, subject to the completion of relevant national procedures," the Eurogroup said in its statement.

International Monetary Fund (IMF) Managing Director Christine Lagarde: the IMF will participate in the third Greek bailout programme it includes debt restructuring and government reforms

Bank of England Governor Mark Carney said on Thursday: the central bank could start raising its interest rate by the end of the year

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