IMF’s Lagarde says agreement found on Greece

IMF Managing Director says on leaving mammoth talks in Brussels that an agreement has been found to move forward with a third Greece bailout deal.

BRUSSELS, BELGIUM (JULY 13, 2015) (REUTERS) – IMF Managing Director Christine Lagarde said on Monday (July 13) that after all-night talks in Brussels, a deal had been found to move forward with a bailout loan for Greece.

“It’s been a long and laborious night during which an agreement was found. It’s a step towards confidence which must be continued to be built and now implement the commitments made,” she said.

European shares surged in early trading on Monday after European Council President Donald Tusk said euro zone leaders reached a unanimous agreement after nearly 17 hours of negotiations in Brussels to move forward with a bailout loan for Greece.

“Euro summit has unanimously reached agreement. All ready to go for ESM programme for Greece with serious reforms and financial support,” Tusk tweeted.

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