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BRUSSELS (AP) – After grueling, often mad negotiations that tested the limits of European unity, Greece struck a preliminary rescue deal with its creditors Monday that should avert an imminent financial catastrophe but also guarantees years more hardship and sacrifice for...

Here’s how Accendo Markets wrapped the close in a note to clients on this morning: “US Markets closed positive, echoing gains in Europe, with relief on a Greece deal, a few welcome progress with Iran’s nuclear agreement (watch oil) and despite attention...

Seasoned and “successful” politicians and bureaucrats are good at is manipulating our collective perception and Will such that the interpretation of events we adopt is the one they want us to adopt – in others words, we actually behave as though we actually...

Greece’s leftwing Prime Minister Alexis Tsipras faces a showdown with rebels in his own party yesterday furious at his capitulation to German demands for one of the most sweeping austerity packages ever demanded of a euro zone government.

The authorities selected a painful third bailout that permits the nation to keep away from the danger of Grexit and transfer ahead to revive progress, Tsipras stated throughout an interview with the Greek national broadcaster ERT, Xinhua reported.

“Our euro zone colleagues have received the message loud and clear that it would not be acceptable for this issue of British support for euro zone bailouts to be revisited”, a British finance ministry source told Reuters.

The collapsing economy has created an expanding pile of bad debts that have further burned through Greek banks fragile capital cushion.

The Europeans insisted on the Greek Parliament voting for these tough measures as they say Greece suffers from a huge “trust deficit” and that they need some assurance that the Greeks are honest about implementation.

Several sources said there was consensus among the other 18 ministers around the table during the “exceptionally difficult” talks that the leftist government in Athens must take further steps to convince them it would honor any new debts.

The eurozone turned the screw after finance ministers finished two days of intense talks on Greece’s reform proposals drawn up to satisfy its global creditors – the EU, the European Central Bank and the global Monetary Fund.

Leaders are discussing new proposals put forward by their finance ministers.

Greek lawmakers have approved a government motion seeking authorization for reform proposals as a basis for negotiations for a third bailout in talks with global creditors this weekend.

Lawmakers in the Greek parliament overwhelmingly backed a package of economic reforms and further austerity measures, in the hope that it would convince European creditors to back a third bailout of the country.

The pressure has been on Greece all day even after the Greek parliament passed a harsh austerity package that it hopes will lead to a three-year bailout.

NEW YORK, July 10 (Reuters) – USA stocks closed broadly higher on Friday, with major indexes ending up more than 1 percent on hopes Greece would be able to secure fresh funding at an upcoming meeting, which would allow it to avert bankruptcy and remain in the euro zone.