i on europe

Icon

Brussels blog by some wire service journalists

Greece secures bailout to avoid debt default

By GABRIELE STEINHAUSER and SARAH DiLORENZO

Greece won a second massive financial bailout in the early hours of today when its partners in the 17-country eurozone finally stitched together a 130 billion euro rescue, meant to avoid a potentially disastrous default and secure the euro currency’s future.

But the patchwork of measures — including the implementation of austerity measures in Greece and approval by sceptical German and Dutch Parliaments — required to give the rescue even a chance of success means it’s unlikely to be the end of the continent’s debt crisis.

READ THE FULL STORY HERE.

Advertisements

Filed under: Story links

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Don Melvin

Slobodan Lekic

Raf Casert

%d bloggers like this: