Greek Finance Minister Euclid Tsakalotos, left, takes his seat during a meeting of eurozone finance ministers at the EU Lex building in Brussels on Saturday, July 11, 2015. (AP Photo/Michel Euler)
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Skeptical European finance ministers gathered Saturday to decide whether to negotiate a third bailout for Greece after Prime Minister Alexis Tsipras won lawmakers' backing for painful austerity measures his leftist party was elected to prevent.With Athens staring at a bankruptcy that could see it crash out of the euro zone after financial markets reopen on Monday, EU officials forecast agreement would be reached by the end of the weekend to keep Greece afloat, but not before ministers and government leaders had vented their wrath at Tsipras. In Athens overnight, Tsipras had to rely on opposition votes from the right in parliament after some of his leftist lawmakers resisted spending cuts, tax rises and other measures he proposed in order to unlock 54 billion euros in three-year credit.Even French Finance Minister Michel Sapin, Greece's most powerful ally in the euro zone, said: "Confidence has been ruined by every Greek government over many years which have sometimes made promises without making good on them at all.In addition to cash from the euro zone, if Greece makes payments it missed last month to the IMF, the global lender still has a facility to lend Greece some 16 billion euros.
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