DHAKA: Greece has agreed a bailout deal ‘in principle’ with its creditors, the European Commission has said.

The Commission said a technical agreement had been reached with Greece, which now requires political approval.

Earlier, Greece’s finance minister Euclid Tsakalotos had said ‘two or three small issues’, were yet to be resolved with lenders, following overnight talks in Athens.

A deal is needed to keep the country in the eurozone and avert bankruptcy.

The Greek government is hoping to push a new €86bn three-year agreement through parliament later this week.

The country needs a deal by 20 August, when it has a debt repayment of about €3bn to make to the European Central Bank.

BDST: 2158 HRS, AUG 11, 2015
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** Greece ‘close to securing new bailout agreement’