The bailout deal Greece finalized with creditors on Tuesday, worth up to $94 billion, won’t bring significant relief from austerity, contrary to Greek government claims. The government takes credit for winning lower budget surplus targets than in previous bailout proposals, but experts said the changes are designed to compensate for the Greek economy’s continued deterioration, […]

The Greek government announced it has struck an ambitious bailout deal with creditors aimed at securing around €86bn (£61bn) over three years in return for radical economic reforms to be pushed through parliament as early as this week. News of the agreement following a marathon 24-hour negotiating session at Athens’ Hilton hotel was not immediately […]