Europe

Former Greek Prime Minister George Papandreou stressed he “supports the ‘yes’ side” of the country’s July 5th referendum.

Greece's governing Syriza party split on Friday as rebels against Prime Minister Alexis Tsipras's bailout deal with Europe decided to form a new movement to fight elections expected in September.

Greece and international lenders agreed on Monday to baseline scenario projections for a primary surplus in 2016 and 2017 as part of broader bailout conditions still under discussion, a senior government official said.

Greece is on track to complete a draft deal with international creditors on a third bailout by next Tuesday with a possible first disbursement by Aug. 20, a source familiar with a conference call of senior EU finance officials on Friday said.

Iran has completed negotiations with some European companies wanting to invest in projects in the country following a nuclear deal reached between Iran and world powers this month, an Iranian deputy minister said on Thursday.

The Greek parliament passed a sweeping package of austerity measures as the price for opening talks on a multi-billion euro bailout package.