How long will this agreement last??
‘Grexit’ avoided after ‘aGreekment’ is sealed, say eurozone leaders
There will be no immediate eurozone exit for Greece after eurozone leaders Monday morning agreed on a third bailout deal for the country in exchange for strict reform measures. Speaking after a marathon weekend summit, President of the European Council Donald Tusk said the leaders had reached an agreement in principle to start negotiations on financial aid through the eurozone’s bailout fund, the European Stability Mechanism, or the ESM. “Today we had only one objective — to reach an agreement. After 17 hours of negotiations we have finally reached it. Someone can say we have an ‘aGreekment,’” he said. ... (full story)