Tag Archives: Greece crisis

Humiliation for Greece – the price of Tsipras’s gamble

After a truly marathon negotiating session, a deal has finally been reached between the Eurozone leaders and Greece. The deal includes:
– More austerity, mainly in the form of tax rises and pension reform
– The repeal of Syriza’s anti-austerity laws
– Freeing up some of Greece’s ‘closed professions’
– Privatisation of state assets (like the ports and electricity grid)
– These assets will be transferred to a 50 billion euro fund managed by Greece but supervised by the creditors. The funds will be used to support the banks and Greece itself Continue reading

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