Thursday, November 26, 2020
Home Uncategorized No 'Grexit' as Eurozone reaches agreement on Greek crisis

No ‘Grexit’ as Eurozone reaches agreement on Greek crisis

grexit1

By NewsGram Staff Writer

Eurozone leaders on Monday reached a “unanimous” agreement after marathon talks over a third bailout for Greece, European Union (EU) President Donald Tusk said.

He said that a bailout programme was “all ready to go” for Greece, “with serious reforms and financial support”, BBC reported.

“There will not be a ‘Grexit’ (Greek exit from the eurozone),” European Commission head Jean-Claude Juncker said, referring to the fear that Greece would have to leave the euro.

“There are no winners or losers, I don’t think the Greek people have been humiliated and I don’t think other European countries have lost face,” Juncker added.

Greek Prime Minister Alexis Tsipras agreed to tough reforms after 17 hours of gruelling negotiations by eurozone leaders in return for a three-year bailout programme worth up to 86 billion euros ($96 billion), Greece’s third rescue deal in five years.

Greece is expected to pass reforms demanded by the eurozone by Wednesday.

Parliaments in several eurozone states also have to approve any new bailout.

 

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,780FollowersFollow

Most Popular

26 November: The Foundation Day Of Aam Aadmi Party = Black Day For Indian Politics

By Shweta Porwal On the Occasion of 26 November the Foundation Day of Aam Aadmi Party, Dr. Munish Raizada a former Co-Converner of NRI cell...

Identifying Mosquitoes Through App By Buzzing Sound

The high-pitched whine of a mosquito is annoying, but scientists have developed an app that uses that sound to detect dangerous mosquitoes. Mosquitoes kill hundreds...

Solomon Islands To Ban Facebook For National Unity

The government of the Solomon Islands has defended its plans to ban Facebook, insisting the move would preserve “national unity.” Ministers say the world's...

Gut Hormone Regulating Fat is Abnormal in Obesity

One key gut hormone released a few hours after eating, turns off fat production by regulating gene expression in the liver and this regulation...

50% Male Employees Agree Bias Against Women in Workplace

More than 50 percent of the men feel that there is an increased bias against women at the workplace, said a new survey. According to...

Here Are 10 Ways To Improve Self-Awareness Levels

Emotional intelligence tends to fuel one's performance on the personal front as well as professionally. Right from your self-assurance, empathy, and positivity to your...

Cooking With Biomass Fuels Damages Lungs

People who cook with biomass fuels like wood are at risk of suffering considerable damage to their lungs from breathing in dangerous concentrations of...

Pregnancy Stress Affects Infant’s Brain Development

Researchers have revealed that infants' brains may be shaped by levels of stress their mothers experience during pregnancy. The study, published in the journal eLife,...

Recent Comments