Greek Banks Given Cash Lifeline
Greek banks are due to reopen on Monday after being granted an increase in emergency funding. Plus, the US and UK try to sell the Iran nuclear deal to key Middle East allies.
Greek banks are due to reopen on Monday after being granted an increase in emergency funding by the European Central Bank. Meanwhile, eurozone ministers agree a €7bn ($7.6bn) bridging loan from an EU-wide fund to keep the country's finances afloat. But the new €86bn bailout package looks shaky as the International Monetary Fund says it won't be contributing to the first batch of payments.
The US embarks on a charm offensive to try to sell the Iran nuclear deal to key allies in the Middle East, but at home President Obama has a battle on his hands to win over a Republican-controlled Congress. Staying in the US, we go on the presidential campaign trail and try to spot the economic difference between the growing list of candidates.
We hear about the young US national imprisoned in the United Arab Emirates and then deported for uploading a video to YouTube, and we visit the new Japanese hotel run by robots, where the receptionist is a dinosaur in a top hat.
(Photo: Greek Parliament. Credit: Andreas Solaro/AFT/Getty Images)
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- Fri 17 Jul 2015 00:05GMT³ÉÈË¿ìÊÖ World Service Online
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Business Matters
Global business and finance news and discussion from the ³ÉÈË¿ìÊÖ