Greece’s first steps on the road to recovery

Rather than being condemned, the latest deal won by the Greeks should be celebrated

Thousands of people demonstrate in Athens against the EU-imposed Vat increase on products and services. PICTURE: AP
Thousands of people demonstrate in Athens against the EU-imposed Vat increase on products and services. PICTURE: AP

The eurozone and Greece have now sailed into calmer waters: Greek premier Alexis Tsipras has steered two legislative packages – preconditions for talks on a third eurozone bailout – through parliament.

Chancellor Angela Merkel has won reluctant German Bundestag support for negotiations.

An emergency €7.2 billion, three-month EFSM bridging loan has enabled Athens to repay its €4.2 billion ...