Rolling coverage as the eurozone digests Greece’s four-month loan deal 8.20am GMT A group of conservative government MPs have urged Angela Merkel to take a hard line with Athens over its bailout, in another sign of trouble ahead.According to the FAZ newspaper, two senior members of Merkel’s CDU party fear Greece is being treated too leniently.“A simple extension of the aid programme without effective terms would mean that we are knowingly throwing further good money after bad.” 8.13am GMT Good morning, and welcome to our rolling coverage of Greek’s bailout, the world economy, the financial markets and business.The eurozone achieved a breakthrough yesterday, but the hard work is really just beginning.“Just as we were poised to exit the memorandum and take up a precautionary credit line with much more comfortable terms, we are stuck with the old memorandum for month and are preparing for a third memorandum from July,” Where will the more opposition to #Greece bailout extension: Bundestag or Greek parliament?While the agreement is welcome it doesn’t change the fact that Greece still has limited access to funds, and also doesn’t hide the fact that both the IMF and ECB expressed concerns about the level of detail, and indicated that they would insist that Greece would need to do more if it wanted the release of additional bailout monies. Continue reading...
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