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Tuesday, July 14, 2015

Greek leader’s debt deal ignites revolt at home from austerity’s opponents

ATHENS — On Monday morning, Greek Prime Minister Alexis Tsipras capitulated in Brussels to keep the euro zone together. He returned home hours later to find a country split apart.After a marathon 17-hour summit that turned into one of the most contentious diplomatic standoffs in European Union history, Tsipras acquiesced to a punishing ultimatum from his country’s European creditors. In exchange for a $96 billion rescue — Greece’s third in five years — he agreed to lightning-fast passage of reforms and a pledge to adhere to harsh austerity measures to save Greek banks and keep the country in the euro.Read full article


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