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Friday, July 17, 2015

Eurozone ready to start formal talks with Greece over €86bn bailout

Negotiations set to re-open argument over whether the Greek economy can recover while weighed down with debts totalling €320bnThe eurozone is ready to start formal talks with Athens over an €86bn (£60bn) bailout, paving the way for a month of wrangling over the bitterly disputed question of easing Greece’s debt burden.Greece is also getting a €7bn emergency bridging loan from an EU-wide rescue fund, ensuring it will not crash out of the eurozone on Monday when a critical debt repayment falls due. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com