Greece to get over $9 billion loan from creditors

They said in their statement that the exact mechanism of how to link debt relief to growth would be worked on as of 2018 by deputy finance ministers and treasury officials and be announced after the bailout ends, together with the whole debt deal. Eurogroup finance ministers met on Thursday to review the bailout program for Greece.

After months of haggling that raised fears of another escalation in Greece's near 8-year debt crisis, the 19-country eurozone cleared the release of a further 8.5 billion euros ($9.5 billion) after the Greek government delivered on an array of reforms.

Greece almost crashed out of the euro in 2015 after a furious fight over the bailout deal, and says its fragile recovery has suffered from the most recent delay.

It marked a major step forward for Greece, Dijsselbloem told a press conference after the Eurogroup meeting, adding that Athens was expected to receive the fresh disbursement to cover its current needs.

The standby arrangement was a second best solution to a full debt deal, Lagarde said, but it would buy the euro zone, Greece and the International Monetary Fund time to work out the details for next year.

Lawyer: Trump Is Not Under Investigation
In addition, the WaPo article was published on Wednesday and Trump didn't send out that tweet until Friday. I respect Sekulow's hustle however, as I assume he's making an obscene amount of money off of this gig.

Greek Prime Minister Alexis Tsipras has repeatedly said that debt relief is necessary to get the Greek economy back on track and has indicated that he would be prepared to request a summit of eurozone leaders if no debt relief deal is secured Thursday.

Member states also agreed to a possible extension of average weighted maturities and the deferral of interest payments on some Greek bailout loans by as much as 15 years.

Debt relief has been a hard sell in Germany, the biggest contributor to Greek bailouts over the years, though it is also unpopular in other countries, notably in poor Eastern Europe, where Greek welfare support seems generous to many.

The reforms sought by lenders, including further Greek pension cuts and tax hikes, had placed mounting pressure on Greek Prime Minister Alexix Tsipras, who has faced resistance from an electorate tired of the austerity measures that Tsipras' Syriza party had pledged to end.

"We recognize that we did not want the ideal to be the enemy of the good", he said.

May says mosque incident being treated as a potential terrorist attack
MCB secretary general Harun Khan tweeted "a van has intentionally run over worshipper leaving Ramadan night prayers". A man leapt out of the van and stabbed at least one person, the Evening Standard newspaper said, citing witnesses.

Under the terms of its 2015 bailout, Greece's European creditors had promised to provide cash and find a way to lighten the country's long-term debt load - as long as the government kept a lid on spending and deeply reformed the Greek economy.

After three bailouts, Greece's debt now stands at a staggering 180 percent of annual output, by far the biggest national debt pile in Europe. For Greece, that would limit the amount it has to pay out on debt servicing each year, money it can use for the benefit of the Greek economy and society. From the looks of it, Athens will indeed get a bailout, but the International Monetary Fund will blink on the issue of debt relief. Last month he said everything pointed to stronger growth in Greece.

For austerity-weary Greeks, the latest deal is unlikely to mean much change any time soon.

The Greek government, whose popularity has fallen sharply as it imposed more austerity measures, faced more criticism Thursday when more than 2,000 elderly protesters marched through central Athens to demonstrate against pension cuts. "We can't live on 300 euros" they chanted.

Several casualties reported after van hits pedestrians in north London
"It appears that a white man in a van intentionally ploughed into a group of worshippers ", the council said in a statement . British Prime Minister Theresa May has expressed her grief and said her thoughts were with all those injured in the incident.

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