Monday, July 13, 2015

Greek Deal

by Bill McBride on 7/13/2015 10:08:00 AM

From the WSJ: Eurozone Leaders Reach Unanimous Agreement on Greece

Eurozone leaders said Monday morning that they would give Greece up to €86 billion ($96 billion) in fresh bailout loans as long as the government of Prime Minister Alexis Tsipras manages to implement a round of punishing austerity measures in the coming days.
From the Financial Times: Eurozone leaders reach deal on Greece

The beatings will continue until morale improves.