Greece, Creditors Agree on Terms of a New Bailout Program

A new bailout deal for Greece. Greece and its international creditors Tuesday reached agreement on terms of the country’s new bailout program. The rescue plan would give more than $94 billion in aid to Greece over the next three years in exchange for harsh austerity terms. Now the question is: will Germany and other European governments ratify the deal in time to send Greece enough of the new aid so that it can make a crucial payment to the European Central Bank by August 20 of 3.2 billion euros. An agreement 'in principle' between the creditors and the Greek government was reached early Tuesday, although some minor details remain outstanding.