Author (Person) | Hope, Kerin, Spiegel, Peter |
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Series Title | Financial Times |
Series Details | 13.9.11 |
Publication Date | 13/09/2011 |
Content Type | News |
Major analysis feature. From the day it was agreed in July 2011, the €109bn bail-out of Greece – the second international package in 15 months – appeared star-crossed. It was by far the most complicated rescue of a eurozone country to date, and even finance ministry officials who signed up to it had a hard time explaining what exactly they had agreed to. By September 2011 almost every part of the new package – as well as the previous €110bn bail-out, agreed in May 2010 – is on the verge of collapsing. The Greek economy is in a tailspin, bondholders are in revolt, and voters in Europe’s creditor countries are increasingly calling on their leaders to cut Athens loose. |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe, Greece |
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