Friday 25 May 2018

The Week that was


THERE was turmoil in Brussels after Greeks voted overwhelmingly to reject the terms of a new bailout, putting the country's future in the euro on the line. Defying warnings from across Europe that rejection of Troika conditions would put the country on the path to exit from the euro, the No was comfortably passed by 60pc to 40pc for Yes.Tuesday

Germany reportedly expressed its unwillingness to write off Greek debts as it fears it would result in similar deals for Ireland, Spain and Portugal. The European Central Bank kept the drip-feed of emergency credit to Greek banks open but piled pressure on EU leaders to strike a deal. Wednesday

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