Major austerity prescribed in new Greece bailout

Global Business

People demonstrate in front of the stairs leading to the Greek parliament in Athens during an anti-EU demonstration in Athens calling for a ‘NO’ to any agreement with the creditors on July 13, 2015. Eurozone leaders struck a deal Monday on a bailout to prevent debt-stricken Greece from crashing out of the euro, forcing Athens to push through draconian reforms in a matter of days. AFP PHOTO / LOUISA GOULIAMAKI
Published July 13, 2015 at 4:30 PM
Updated July 21, 2015 at 1:40 PM

Greece government agreed to pledge stringent austerity after Eurozone proposed a deal of a third bailout on Monday. Negotiations for Greece’s third bailout will help avert the country’s potential exit from the Eurozone. CCTV’s Jack Barton has details from the European Council in Brussels.

A new round of negotiatition for Greek debt crisis bailout

Greece government agreed to pledge stringent austerity after Eurozone proposed a deal of a third bailout on Monday. Negotiations for Greece's third bailout will help avert the country's potential exit from the Eurozone.CCTV's Jack Barton has details from the European Council in Brussels.

Gregory Pappas on Greece agreement
For more on the potential consequences or obstacles of the agreement and what may happens next, CCTV America’s Elaine Reyes speaks to Gregory Pappas, Publisher of The Pappas Post.

Endy Zemenides on Greece
Elaine also speaks to Endy Zemenides, Executive Director of the Hellenic American Leadership Council.

Greeks react to austerity measures
A possible bailout deal may have saved Greece from crashing out of the Eurozone, but the government still has to face Greek residents. After coming to power on an “anti-austerity platform”, it’s a sharp turnaround for Prime Minister Alexis Tsipras.
CCTV’s Kate Parkinson has more details from Athens.

Greeks react to austerity measures

A possible bailout deal may have saved Greece from crashing out of the Eurozone, but the government still has to face Greek residents. After coming to power on an "anti-austerity platform", it's a sharp turnaround for Prime Minister Alexis Tsipras. CCTV's Kate Parkinson has more details from Athens.

Tourism industries brace for steep tax hikes
Nowhere more will the terms of this third bailout hit home than restaurants and hotels on remote Greek islands. They’ve enjoyed generous breaks on sales tax to compensate for charges on transporting food to remote locations. That will end as Greek businesses prepare for the biggest change in generations to their way of a making a living.
CCTV’s Business Correspondent Owen Fairclough has more details.

Tourism industries brace for steep tax hikes

Nowhere more will the terms of this third bailout hit home than restaurants and hotels on remote Greek islands. They've enjoyed generous breaks on sales tax to compensate for charges on transporting food to remote locations. That will end as Greek businesses prepare for the biggest change in generations to their way of a making a living. CCTV's Business Correspondent Owen Fairclough has more details.