The politics and potential impact of the latest Greek bailout package
After a marathon session that lasted all weekend, Eurozone leaders came to an agreement that granted Greece a third bailout, and, for now, keeps the country in the euro. The agreement starts negotiations on a loan package for Greece worth $91-96bn in exchange for reforms that aim to streamline the pension system, boost tax revenue, privatize electricity, and extend common business hours, among other reforms. Endy Zemenides discusses the latest developments and what they mean for Greece’s economic future.
(Photo: AP Photo/Geert Vanden Wijngaert)