Advertisement

  1. National

Greek MPs pass second set of reforms ahead of bailout deal

Greek MPs have passed a second set of reforms, paving the way for a crucial bailout deal.

The reforms - which include changes to the judiciary and banking systems - needed to be passed in order for negotiations to begin with creditors on a third bailout package worth €86 billion.

Without more financial support, Greece would face financial ruin and may be forced to exit the eurozone.

View all 76 updates ›

Greece to consider reopening Athens stock exchange

The stock exchange price rice at the Hellenic Exchange in Athens in January Credit: Michael Kappeler / DPA

The Greek government will decide next week when the Athens stock exchange will reopen, after a four-week break required when capital controls were imposed last month, an official said on Thursday.

Athex has been closed since 29 June, when Greece shut its banks and imposed capital controls to ward of a collapse of its banking system after the country rejected a cash-for-reforms deal in its referendum.

The banks reopened on Monday after the country reluctantly struck a deal to receive emergency ECB funding and a bridge loan from the EU.

The official also confirmed that talks with Greece's international creditors on a third bailout would start in Athens on Friday and that the government wants the talks to be concluded by late August.

More on this story