20:19 GMT05 April 2020
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    Greece's parliament approved on Friday a third, 85 billion euro ($94 billion) bailout deal with the country's international creditors.

    MOSCOW (Sputnik) — The decision was made following an all-night parliament session, and comes hours before an extraordinary Eurogroup meeting on the issue.

    Greece owes more than $270 billion to the International Monetary Fund, the European Central Bank and eurozone nations.

    After months of negotiations, the country and its international creditors reached a preliminary agreement on granting Greece its third bailout package in exchange for strict economic reforms, including pension cuts and tax hikes.

    The deal was finalized on Tuesday. The European Commission sent a memorandum of understanding on the issue to EU member states earlier this week.

    Related:

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    debt, bailout, Greece
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