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.

     

    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


    YOU MIGHT ALSO LIKE

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Do you really know the price of milk?

    Do you really know the price of milk?

    Answer as many correct questions as you can and see where your country ranks in the global cost of living.

    The Coming War on China

    The Coming War on China

    Journalist John Pilger on how the world's greatest military power, the US, may well be on the road to war with China.