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The bailout, with a stronger firewall, could provide the euro zone with some much-needed momentum.
Germany was unwilling to agree to a bailout with open-ended costs.
The Irish government on Tuesday continued to negotiate terms of its own bailout with lenders.
Earlier this month, the International Monetary Fund negotiated a $30 billion bailout with the Brazilian government.
And it derailed efforts to finance the bailout with a tax on financial institutions.
But not a full-scale third bailout, with extra financial support.
The commitment of Mr. Papandreou, who signed Greece's first bailout with creditors in May 2010, was never in doubt, however.
The funds, as a result, came out of the bailout with a loss of 12 billion euros.
And difficult discussions lie ahead about Greece's bailout, with international lenders due to arrive in Athens this weekend.
On July 8th, after consultations with other Greek leaders, Tsipras proposed a new, three-year bailout, with fresh austerity measures.
The current Greek bailout, with €7.2bn remaining to be disbursed, expires on 30 June unless an extension can be agreed.
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