Greece Avoids Default (For Now)

Greece Averted Nightmare Scenario - Finance Minister -- BBC

Greece has avoided a nightmare scenario by agreeing to a 130bn euros (£110bn; $170bn) bailout deal, Finance Minister Evangelos Venizelos has said.

He said the deal was probably the most important in Greece's post-war history.

The cabinet was meeting to discuss how to pass the reforms stipulated by international lenders, which include huge spending cuts and beefed-up monitoring by eurozone officials.

Trade unions have called strikes and protests for Wednesday.

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More News On Greece's Debt Crisis

Greece secures bailout to avoid debt default -- AP
Europe Agrees on New Bailout to Help Greece Avoid Default -- New York Times
Eurozone ministers approve $170-billion bailout for Greece -- L.A. Times
Deal reached on $170 billion Greek bailout -- Washington Post
Exclusive: Greek debt load may get heavier, euro zone study says -- Reuters
Greek Bailout Has Losers Too: Bank Of Cyprus Takes €1B Hit -- Forbes
Greeks’ elation at new debt relief is tempered by prospect of years of sacrifice -- Washington Post/AP
Greece debt cut: Some of Europe's biggest banks hit -- BBC
How the bailout is viewed in Athens -- Mark Lowen, BBC
In Greece, debt deal gets a mixed reception -- Bloomberg Businessweek
Doubts remain over new Greek bailout -- Euronews
When Doom Is the Best Choice: How Greece's Bailout Is Like the Afghan War -- Heather Horn, The Atlantic
Greece Is Still Doomed: Why the New Bailout Is a Fantasy - -Derek Thompson, The Atlantic
Leaked Memo Blows The Lid Off Of The Entire Greek Bailout -- Business Insider