Sentences with phrase «euro bailout deal»

Not exact matches

Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any last - minute deal to keep Athens in the euro zone after Greeks voted resoundingly to reject the austerity terms of a bailout.

The debt deal, which came on Friday after about 19 similar summits since the start of the debt crisis (with few results), called for countries that use the euro to allows two European bailout funds to aid European banks directly, rather than make loans to governments to bail out the banks.

As the news service notes, Group of Eight leaders on May 19 urged Greece to stay within the euro area as polls in the country showed a close race between parties supporting and opposing the European Union's bailout deal.