Sat, Jun 17, 2017 - Page 10 News List

Greece gets enough to avoid bailout

SAFETY NET:The new deal might include a measure linking repayments to growth, meaning that payments could be postponed in the event of an economic downturn


For Greece, the agreement should limit the amount it has to pay in debt servicing each year, freeing up money it could use to help the Greek economy and society.

However, for austerity-weary Greeks, the latest deal is unlikely to mean much change any time soon.

More than 2,000 older Greeks on Thursday marched through Athens to demonstrate against cuts to monthly pensions.

“We can’t live on 300 euros!” they chanted, some waving sticks.

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