On July 13th, after tough negotiations, the EU Summit resulted in an agreement for a third Greek bailout programme worth close to €90 billion.
On July 16th, the Greek parliament passed the planned reforms by a reassuring margin. In addition, the IMF declared that some kind of debt relief is needed.
How are financial markets reacting to this week's events? What's next for Europe? How are the ongoing negotiations on the third bailout likely to proceed?