Im fez jamil. Well look at the failure to recognize you failure Islamic Schools. Tough austerity measures in return for a multibillion dollar pailout deal. Athens will receive up to 60 billion in financing over the next three years. The third bailout the country has received since 2010 but in return it has to make tough reforms including tax hikes liberalization to the market. Alexis tsipras must push through the reforms by wednesday or the offer from the european leaders will no longer stand. Jacky rowland reports. Eurozone leaders emerge to announce they avoided the worst scenario a greek exit from the euro. Today we had only one objective to reach an agreement. After 17 hours of negotiations we have finally reached it. Someone can say that we have an agreekment. But its no laughing matter for the greeks. They need to adopt a large package of reforms in the next two days and agree to sell off 50 billion euros of state assets. A clearly exhausted Alexis Tsipras tried to put the best p
Eyes turn to germany today. I was thinking about that because it was not necessary for the bank not to include that. Our bank did not have a problem with that. When will the banks open . When they increase liquidity. When will he get those heroes . It will not pay back our debt. Its should be within the next few days. Theyre still working. But that will prevail. What about people on the street . Deborah violent protests. Do you expect that to continue. Breaking news now on the European Central bank. The ecb is in favor of keeping the cap on greek banks on hold. We know that stands just under 90 billion bureaus euros. The Greek Central Bank asked for an increase of one and a half billion eurps. Euros. The bank of greece spokesperson has declined to comment. We are waiting on this final line. There was no reaction there. Lets get the one of our top corporate stories. Netflix is the topperforming stop. What a barnstormers has been. It starts at another 10 . After posting Stronger Internat
This hour europe is down a little bit. Were giving back just a little bit today after another great session but descent session yesterday. You can see if youre not listening on the radio, were down about 40 points on the dow jones. The nasdaq is going to benefit from the great numbers from google. It benefitted earlier this week by netflix and has i wouldnt say diverged from the other averages but certainly been much stronger than a relative basis. S p is down less than a point. In europe, there were green arrows after what has been a pretty good week and since last week when the feeling that this would be resolved favorably in terms of greece started and seeped into the markets. France. The only index at this point up but upright at a fifth of a point. Asia this morning is better with japan higher. The hang seng higher. And what were watching closely is shanghai up sharply. Up 3. 5 in a snap back. Crude continues to be on the weak side. Now down under 51. Next stop potentially under 5
Facilities in tennessee has any link to International Television terrorism. Angela merkel called on lawmakers to vote in favor of the great debt deal. It would open full negotiations for a third a lot. They are expected to approve it. They do not want to give athens anymore money. Merkel said it would be irresponsible not to help greece and warned of the alternative area. Lets imagine what it would mean if people were queuing in front of closed banks for pensions. This gives you an idea of how dramatic the situation is in grace and how much mistakes are in their country. Eve we can go to our correspondent in berlin. We are hearing the parliament is in session and its going to vote in this deal. Listening to Angela Merkel this morning after getting a reputation of being cold as ice when it comes to greece talks she is pleading in parliament to help them. Why that change . Jessica this debate started at 10 00 this morning in berlin. Its still going on it. Its a sign of how emotional and
German Software Giant delivering a mixed bag. Two french luxury stocks today. Shares fall in part to japanese consumer demand and shares in the drinks maker lower. And to our top story in the last couple of hours toshiba announced the resignation of his ceo over the accounting scandal. Hell be replaced by the japanese firms chairman with 8 of the 16 Board Members expected to step down. The changing management is due to this scandal. The president and chief executive will be replaced by the chairman. His predecessor who is vice chairman will also quit. Now we are awaiting for the Leadership Team to announce and tell us about it being made. Its helping the tokyo index approach an 18 year high. The japanese index already trading at a three week high. Investors are cheering the management change. Its going to take time. 8 out of 16 Board Members will be standing down. Thats a lot. Its a big management shake up. More Board Changes to follow they say. Incidentally also now you need to look a