Greece Handed €8bn Aid Package Lifeline But Euro Concerns Remain -- The Telegraph
Greece was handed a lifeline on Friday night after international lenders finally released an €8bn (£6.95bn) aid package for the beleaguered country, kicking off a crucial weekend for the future of the eurozone.
Although the agreement will allow Athens to avoid imminent default, a report leaked at the Brussels summit on Friday night suggested the terms of the second Greek bail-out would have to be ripped up in order to stabilise the country.
The report – prepared for the troika of the IMF, European Central Bank and European Commission – suggested Greece’s economy has deteriorated to such an extent that lenders would have to find €252bn in loans by the end of the decade.
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More News On Europe's/Greece's Debt Crisis
Funds Approved for Greece but Leaders Remain Divided -- New York Times
Eurozone Closer to Cutting Greece's Huge Debts -- ABC News/AP
Greece Gets New Batch of Bailout Loans -- Time/AP
Greece may need 60 percent bond writedown; EU at odds -- Yahoo News/Reuters
Eurozone crisis: live blog -- Financial Times
My Comment: What gets my blood boiling is when I read stories like this one.
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