Monday February 17, 2020

It ain't over till it's over

Greece will get its second bailout and the ECB will pump another few hundred million euro into the banks, but the crisis isn't finished yet, writes Cliff Taylor.

26th February, 2012
2
Riots in Greece: default remains a strong possibility. Photo: Getty

So that's all sorted, then. Greece will get its money, the European Central Bank will lend another few hundred billion euro to the banks this week, and we will all sail happily into a peaceful future. If only it were that clear-cut. There are several more hurdles to be jumped.

The eurogroup finance ministers might have given the nod to the Greek deal, but it is far from signed, sealed and delivered. Greece has to...

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