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Urgent: Eurogroup agrees to grant in principle 3-year ESM support to Greece

Xinhua, July 16, 2015 Adjust font size:

The Eurogroup on Thursday agreed to offer Greece a 3-year support from the European Stability Mechanism (ESM), following Greek parliament's approval to take austerity measures demanded by creditors earlier in the day.

"We reached today a decision to grant in principle a 3-year ESM stability support to Greece, subject to the completion of relevant national procedures," the Group made a statement after a teleconference among its finance ministers. Endit