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Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency.
The terms imposed by international lenders led by Germany in all-night talks at an emergency summit obliged leftist Prime Minister Alexis Tsipras to abandon promises of ending austerity and could fracture his government and cause an outcry in Greece.
“Clearly the Europe of austerity has won,” Greece’s Reform Minister George Katrougalos said.
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Image: Breaking News and Opinion on The Huffington Post
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http://www.huffingtonpost.com/entry/euro-zone-greece-bailout_55a366a6e4b0ecec71bc6171
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James' World 2 