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Greece has agreed terms with its international creditors and EU officials for a third bailout.

Reforms to the tax system, pensions and the creation of a 50 billion euro pot of Greek assets to be used to write off debt and recapitalise banks are among measures in the deal.

The Greek Parliament will now vote on whether to accept the terms, but Prime Minister Alexis Tsipras facing criticism from both politicians and the public that he has conceded too much.

These people in Syntagma Square outside the Parliament in Athens are worried...

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TSIPRAS TO RETURN TO ATHENS WITH BAILOUT DEAL TO PROMOTE

Eurozone leaders have reached agreement on a new bailout for Greece.

The 'unanimous' agreement came after 17 hours of talks in Brussels.

Greece will now have to pass a raft of reforms to secure fresh bailout funding worth billions of dollars and avoid a new default and possible exit from the euro.

The agreement will also have to be voted on by several eurozone parliaments.

Our reporter Dan Whitehead is in Athens and says this is not the end of the story.

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Eurozone leaders reach a deal to resolve Greece's debt crisis

After 17 hours of talks, Eurozone leaders have reached a deal to resolve Greece's debt crisis and avoid a Greek exit from the euro.

The third bailout for Greece will involve debt restructuring and 50 billion euros of state privatization of assets demanded by Germany.

Some of the other terms leaders agreed upon include restarting funding of Greek banks from the European Central Bank, which were facing imminent bankruptcy.

The Greek parliament has 72 hours to approve the proposal. The Greek Prime minister has said the deal will likely cause a recession in his country.

Christine Lagarde is the International Monetary Fund President.

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EUROZONE REACHES GREECE AGREEMENT

Eurozone leaders have reached agreement on a new bailout for Greece.

The 'unanimous' agreement came after 17 hours of talks in Brussels.

Greece will now have to pass a raft of reforms to secure fresh bailout funding worth billions of dollars and avoid a new default and possible exit from the euro.

The agreement will also have to be voted on by several eurozone parliaments.

But President of the European Council Donald Tusk hailed the news that talks concluded successfully in Brussels.

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Head of the eurogroup of finance ministers Jeroen Dijsselbloem says it was a marathon summit.

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Head of the eurogroup of finance ministers Jeroen Dijsselbloem says there are still hurdles to clear.

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Greece Bailout Deal Agreed

An overnight, 16 hour meeting in Brussels has concluded with an agreement on the terms of a new bailout deal for Greece.

It follows 6 months of discussions with Greece, but there are a number of hurdles to overcome before the deal goes through.

As our UK correspondent Natalie Powell reports…

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23 soldiers killed in military barracks collapse in Siberia

Australia's PM says the nation doing a good job at reducing carbon.

Greeks wait while bailout talks continue

Greeks are starting another week under capital controls - as all night talks in Brussels to secure a concrete bailout agreement continue...

It's understood the Parliament in Athens may have to implement tough reforms as early as Wednesday.

Our correspondent in Athens, Dan Whitehead, reports...

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Sunday, July 12, 2015

Eurozone Leaders Continue to Discuss Greek Bailout

Eurozone leaders have arrived in Brussels for discussions over a third Greek bailout.

Finance ministers from the single currency have been locked in talks to try to agree a working plan for Greece to receive funds.

Our Correspondent in Brussels, Natalie Powell reports….

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Election 2016 picks up the pace

Week Ahead: Wall St. Investors Watch Greece, Fed's Report To Congress

Wall St. investors will watch for a trickle effect on US Markets from Greece's ongoing bailout debate and US talks with Iran over their nuclear program, but will also listen for clues of an interest rate hike after Federal Reserve Chair Janet Yellen delivers her semi-annual testimony to two committees of U.S. Congress. Patrice Howard shares a look at the week ahead on Wall Street.

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Hillary Clinton Set To Lay Out Economic Agenda

US Presidential hopeful Hillary Clinton is all set to make a major speech in New York City on Monday, laying out her economic agenda.

The Democratic front runner says she’ll be talking about how, if she wins the White House in 2016, she would ensure the US economy grows faster, fairer and more sustainably.

Here’s our New York correspondent Lorna Shaddick.

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Friday, July 10, 2015

Actor Omar Sharif Dies at age 83

Women's World Cup Winners Given NYC Ticker Tape Parade

The US Women's World Cup champions have been honoured with a ticker tape parade along the so-called 'Canyon of Heroes' in lower Manhattan.

The 23 member squad, which defeated Japan 5-2 in front of a record breaking US TV audience last weekend, is now the first women's team in history to be given one of New York's highest accolades.

Our reporter Lorna Shaddick was there.

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FBI chief says Charleston shooter shouldn't have been able to buy gun

The head of the American FBI says alleged South Carolina church shooter Dylann Roof should not legally have been allowed to buy a gun.

Director James Comey said it was a failure of the country's background check system.

Rebecca Foster reports from Washington.

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Head of US Government department resigns over cyber-attack

The head of a US Government department has resigned over a massive cyber-hack of the personal information of federal workers.

As John Clarke reports from Washington DC, the scale of the attack is much larger than previously thought, and is a major embarrassment to the administration.

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UNICEF: Syria's Children Face "High Risk" of Disease

The United Nations children's fund is warning that a lack of clean
water and blazing summer temperatures are putting Syria's children at
risk. The country's civil war, now in its fifth year, has already
taken more than 220,000 lives, and UNICEF said Friday that waterborne
illnesses are on the rise, putting children at an increased risk of
disease.

Patrice Howard reports.

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