Greek deal reached at last

Donald Tusk

No Grexit in sight. After a “tough battle”, Greece secured a “growth package” of €35billion, PM Alexis Tsipras said, and won debt restructuring. Everything is ready now for an ESM bailout in exchange for a package of reforms. The IMF will join the third rescue in March 2016.

The agreement included a €50billion Greece-based fund that will privatise or manage Greek assets. €25billion would be used to recapitalise Greek banks, which have been closed for two weeks, putting the economy under heavy strain.

The ultimatums given to Athens were highly critizised on social media under the hashtag #ThisIsACoup, trending globally on Monday morning.


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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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