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Europe
Greeks sceptical despite bailout deal
Few believe economy in such a poor state can pay back loan soon enough to avoid getting mired in deeper recession.
Last Modified: 21 Feb 2012 20:06

 

Eurozone finance ministers have approved a 130bn euro ($170bn) second bailout package for Greece to resolve the debt-ridden nation's immediate repayment needs.

However, the deal, reached after 13 hours of tortuous talks in Brussels, is unlikely to revive Greece's ailing economy.

There is much scepticism that an economy in such a poor state could pay the loan back soon enough before the country is mired in a deeper recession.

Al Jazeera's Tim Friend reports from Athens, Greece's capital.

Source:
Al Jazeera
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