Workers repair an ATM machine at a Santander bank branch in downtown Ronda, southern Spain, July 23, 2015. REUTERS/Jon Nazca
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Discussions over Greece's third bailout in five years are set to begin in Athens imminently after Greece's parliament approved Thursday tough new conditions set by European creditors.The news came hours after the Greek parliament approved a second round of reforms demanded by Greece's creditors before the negotiations could start over a three-year financial bailout expected to be worth 85 billion euros ($93 billion).Last week's decision at a summit of the eurozone's 19 leaders to open up bailout discussions provided certain conditions were met by Athens has helped ease the sense of economic crisis that was enveloping Greece.A government official in Athens, who asked not to be identified because negotiations had not formally started, said Greece was determined to resist any further conditions being set for the third bailout.The IMF will not be directly involved in the discussions in Athens.Figures this week showed Greece's debt at the end of the first quarter improved slightly to just below 170 percent.
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