The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
July 22, 2011

Greece, EU Reach New Bailout Deal 
----------------------------------



Greece has reached a deal with fellow Eurozone members and international
lenders for a second bailout package worth more than $156 billion. The
Greek government received an initial $146 billion in an austerity
agreement that triggered massive protests. European Commission president
Jose Manuel Barroso praised the deal.

Jose Manuel Barroso: "We needed a credible package, we have a credible
package. It deals with both the concerns of the markets and of citizens.
It responds also to the concerns of all member states of the euro area.
It is a package that every government has signed up to. For the first
time, the crisis, politics and markets are coming together. Now I expect
every one of them to go out, defend and implement with determination
this package."



.