Common Dreams – by Deirdre Fulton
After 31 hours of tense weekend talks—and five years of crippling austerity—Greece and its foreign creditors have struck a deal: an €86 billion bailout that will keep Greece in the Eurozone in exchange for controversial economic reforms that include tax hikes, pension overhauls, and severe budget cuts if the nation misses fiscal targets imposed and monitored by the so-called Troika.
European Council president Donald Tusk made the announcement of what he referred to as an “agreekment” early Monday morning following a 17-hour round of negotiations in Brussels. Continue reading “‘Austerity Has Won’: Greece Submits to Divisive Reforms”