Bankruptcy Averted Europe Agrees on New Aid Package For Greece

Euro-zone finance ministers finally reached a deal to avert a Greek bankruptcy on Monday night, agreeing to the release of the next installment of credit and launching a package of measures to reduce the country's debt. But they shied away from a debt haircut, the only move that could solve the Greek dilemma in the long term.
A Greek anti-austerity demonstrator in Athens. The euro zone has agreed to release funds to keep Greece afloat.

A Greek anti-austerity demonstrator in Athens. The euro zone has agreed to release funds to keep Greece afloat.

Foto: dapd