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Greece has more or less concluded its bailout discussions with global creditors, officials have said, raising hopes the country could be ready to finalise a deal within the day.

Greece and its worldwide lenders reached a multibillion-euro bailout agreement yesterday, potentially saving the country from financial ruin.

“In short, we maintain the view that a third bailout for Greece will not solve its deep-seated economic and fiscal problems or secure its future inside the currency union”, Loynes said.

European stocks were generally weaker Tuesday, with German shares getting hammered by news that China has devalued its currency.

A Greek government official said the hope is that a deal that “covers everything” will be concluded as soon as possible and indicated that one could be imminent by the time of a meeting of the eurozone’s 19 finance ministers on Friday.

“We’re talking about a program for three years, it needs to be negotiated thoroughly”, Deputy Finance Minister Jens Spahn told Germany’s ARD television shortly before Greece and its worldwide lenders said they had concluded a new bailout package.

Shares on the Athens Stock Exchange are suffering huge losses of over 22 percent after the market reopened for the first time in more than a month.

That is a fantasy.

The Obama administration believes the deal, announced last month, would curb Iran’s nuclear ambitions for at least a decade, lower its uranium stockpile and provide more transparency to the United Nations nuclear agency.

The European Union agreed that this position was “fully compatible” with its own agenda on a Greek bailout, which could be worth up to €86 billion (RM361.97 billion).

Don Gimbel, global portfolio manager of Geneva Advisors in Chicago – who oversees $9 billion – asks, “Why would anybody want to be invested in a controlled market?”

On July 29, Iranian Oil Minister Bijan Zanganeh announced “a new chapter of cooperation” with the French energy company Total after a meeting in Tehran with France’s Foreign Minister Laurent Fabius.

Greek crises has many unanswered questions and silent reservations, where the bailout plan of €86 billion could still be scraped and further developments may experience criminal proceedings, regarding the former finance minister.

In a live appearance on state television, Hassan Rouhani said the July 14 agreement had shown diplomacy and engagement were the only way to solve serious political problems and end crises.

If the talks are not completed in time, European authorities may have to provide further temporary financing as they did with a July bridge loan, though Avgi said that possibility had not been discussed with lenders.