Greece: More on leaked Troika document

More on the document leaked from the Troika, from RT


First, a bit of general background...

Second Greek bailout a charade?

On Tuesday, the Eurozone finance ministers settled on a 130-billion-euro bailout for Greece. According to reports, the bailout was necessary to avert a default and the move comes after the Greek government cut thousands of public jobs which lead to many angry Greeks taking to the streets in protest. The deal is supposed to cut Greece's debt to GDP to 120.5 percent by 2020 which many critics are saying is pointless. Here is the latest on the Greek bailout.

And Demitris Kofinas of Capital Account comments.

Leaked Troika Document Uncovers Greek debt-deal Charade

Greek Debt Deal 'Warning to Spain/Italy'

RT, Alyona Show

Eurozone finance ministers agreed to a new rescue plan for Greece today, with a 130 billion euro plan that would call for private investors take a loss of 53.5% on their Greek bonds. 

But while finance ministers are calling this a good deal, a balance, a way to secure Greece's future, a leaked report that Reuters and the Financial Times got their hands on spells trouble, warning that two of the new bailouts main principles might be self defeating. 

Reason's Anthony Randazzo discusses.