Greece seals deal for financial bailout

Greece seals deal for financial bailout – Greece has sealed a deal with the EU and IMF that opens the door to a multi-billion euro financial bailout but will require major sacrifices from the Greek people, Prime Minister George Papandreou said on Sunday – Reuters

2 Comments on Greece seals deal for financial bailout

  1. This restructuring which would require “sacrifices” to be made by the Greek people and not by the financial institutions . I wonder if Germany,France and other EU members really bailed out Greece or they bailed out their own financial sectors which had a significant Greek exposure. Guess who will be the main winners/losers of this bailout script. As usual Winners – Financial Institutions , Losers – Common people . Note there is a separate package to rescue Greek banks as well but not much of a package for the Greek people for whose ostensible benefit this package is designed to be.

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