Article E5PS Greek bailout: what happens next

Greek bailout: what happens next

by
Jennifer Rankin
from on (#E5PS)

From the pressing issue of funding to meet debt repayments, to moving legislation through the Greek parliament, the next week holds multiple targets

After 31 hours of talks over one bad-tempered weekend in Brussels, European leaders announced they had an agreement on the Greek debt crisis - or 'aGreekment' in the unhappy addition to the Grexit lexicon favoured by Donald Tusk, the leader of the European Council.

The snappy soundbites glide over the fact the eurozone has simply agreed to open negotiations on a a86bn (62bn) bailout - a vital step to restore confidence in the euro, but essentially an agreement to have more talks. The deal that emerged on Monday morning must pass the test of the Greek parliament, the German Bundestag and the European financial system.

Continue reading...

rc.img

rc.img

rc.img

a2.img
ach.imga2t.imga2t2.imgmf.gif
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments