Greece bailout plan agreement reached


A man walks next to Greek flags in central Athens on June 28, 2015. (Getty Images)

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ATHENS, Greece — The European union is approving another bailout for Greece.

The Greek parliament still has to approve the deal.

On Friday, Greece requested $59 billion over three years. Details of this agreement are not out yet, but they’re expected to include reforms like spending cuts, pension cuts and tax hikes.

The deal will allow Greece to keep the Euro. It will also push banks closer to getting the cash they need to survive.

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