After several hours of negotiations, Greek officials and representatives of the country's international creditors reached an agreement on securing the sustainability of the country's debt in the early hours of Friday. According to leaked details of the deal, Greece is to receive a loan tranche of 15 billion euros (3.3 billion euros of which would be used to pay off part of the country's debt to the European Central Bank and International Monetary Fund). Greece would also get a 10-year extension for the repayment of its European Financial Stability Facility (EFSF) loans and an additional grace period of 10 years. The ... (full story)