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Pro-European Union protesters wave EU flags in front of the Greek parliament in Athens during a demonstration by a ' we stay in Europe' movement on July 9, 2015. Greece was to submit a detailed bailout request to its eurozone partners on July 9 in a last-ditch effort to save its collapsing economy and its place in the euro, in an unprecedented test of EU cohesion. With the crisis reaching a climax that could have unpredictable consequences, the EU president urged creditors to compromise on granting debt relief to Greece. AFP PHOTO/ LOUISA GOULIAMAKI
- FRANCE OUT -LOUISA GOULIAMAKI/AFP/Getty Images
Pro-European Union protesters wave EU flags in front of the Greek parliament in Athens during a demonstration by a ' we stay in Europe' movement on July 9, 2015. Greece was to submit a detailed bailout request to its eurozone partners on July 9 in a last-ditch effort to save its collapsing economy and its place in the euro, in an unprecedented test of EU cohesion. With the crisis reaching a climax that could have unpredictable consequences, the EU president urged creditors to compromise on granting debt relief to Greece. AFP PHOTO/ LOUISA GOULIAMAKI
- FRANCE OUT -LOUISA GOULIAMAKI/AFP/Getty Images

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Greece agrees to new austerity measures

Danae Kyriakopoulou, a senior economist for the Centre for Economics and Business Research, tells CNN that the Greek deal highlights more weaknesses than strengths.

Greece agrees to new austerity measures

Danae Kyriakopoulou, a senior economist for the Centre for Economics and Business Research, tells CNN that the Greek deal highlights more weaknesses than strengths.