The Greek bailout agreement

Greece has agreed a make or break extension deal on its current bailout package with its European lenders. The deal will see the country's 172Billion Euro bailout package extended for another 4 months. The deal struck late on Friday evening failed to stipulate what further reforms Greece had to commit to in order to qualify for the remaining 7.2Billion Euros that will mark the end of Greece's bailout package but has agreed enough to stop a full scale bank run that was running at 800 million Euros per day late last week. Further negations are set through the coming week with both sides warning of difficult times ahead in securing a more permanent solution.