Greek memo reveals commitments necessary to access bailout funds

Bank of Greece

The demands placed on the Greek government before it can access bailout funds of up to €86 billion ($96 billion) were spelled out today (August 12), as a copy of the memorandum of understanding between the country and its lenders was widely leaked.

It surfaced on August 11 that negotiators had reached a deal on the conditions necessary for Greece to secure a third Greek bailout, though the terms still have to be approved by national parliaments.

One of the key sections of the agreement is a comm

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