Greek PM Says Country Will Accept Bailout

Greece's prime minister Alexis Tsipras says his country will accept a bailout offer, but with several conditions.

A letter he wrote to creditors said that Greece will accept terms published by the European Commission on Sunday but with a number of amendments.
Greece wants to keep a reduced level of VAT for its islands, delay an increase in pension age and delay the phasing out of a supplement for some retired people.
The move comes after Mr Tsipras previously rejected conditions that the creditors wanted Greece to meet in exchange for further bailouts.
The rejection led to Mr Tsipras calling a referendum, putting the proposals to a vote planned for Sunday.
He has said he plans to speak to the nation "shortly", according to the country's state news agency.
Optimism that his offer to agree to a deal would result in a long-term solution was limited by German finance minister Wolfgang Schaeuble, who said it had brought no further clarity.
He said that, despite the letter, there was "no basis" for serious negotiations with Athens at the moment and no deal would be possible until after the referendum.
"First of all Greece must clarify its position on what it wants, and then we will have to talk about it, under conditions that are now far more difficult," Mr Schaeuble said in Berlin.
Eurozone finance ministers are due to look at Mr Tsipras' latest proposals at 5.30pm on Wednesday.
Another unnamed eurozone official told Reuters: "There are still a lot of loose ends. I don't think the Eurogroup still believes those promises just like that."
Sky's Robert Nisbet says the Greek Parliament has been closed ahead of the referendum on Sunday but may reopen if a bailout deal can be reached.
He said there is confusion over whether the latest proposal relates to the bailout deal that has already expired or a deal relating to a later tranche of funds due to become available shortly.
Financial markets reacted positively to the developments initially, with all the major stock markets regaining some of the ground lost this week.
The euro climbed against sterling, but investors remained cautious.
At a news conference to outline the Bank of England's latest Financial Stability Report, its governor Mark Carney warned the outlook for UK financial stability had "worsened" because of the crisis in Greece.