What’s in the Bailout Deal for Greece and What Happens Next?
Creditors Demands Are Pretty Harsh: Nusseibeh
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Greece has to go through a laundry list of actions and commit with concrete steps to reforms before sealing a new bailout of as much as 86 billion euros ($96 billion) that will keep the country in the euro.
The role of the International Monetary Fund and Germany’s demand for an independent asset sales fund came close to becoming deal-breakers before an agreement was reached between the country and its creditors after almost 17 hours of talks. The IMF’s continued role was assured in any future loans to Greece.