herald

Wednesday 22 November 2017

Greece needs ¤130bn

GREECE will have to leave the euro zone if it fails to clinch a deal on a second, €130bn bailout with its international lenders, a government spokesman has said.



redemption

"The bailout agreement needs to be signed otherwise we will be out of the markets, out of the euro. The situation will be much worse," spokesman Pantelis Kapsis said.

Greece is trying to agree details of a rescue plan with the EU, the International Monetary Fund and private bondholders before a major bond redemption in March.

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