Bailout delivered.. but is Greek rebellion in the wings?
Greece secured a rescue fund of 130 billion euros today after a marathon all-night meeting with EU finance ministers and bankers. The money won’t be used to kickstart the Greek economy, it’ll be used simply to pay off the country’s debts, some of which fall due in the coming weeks. However, Greece’s economy needs to grow if it is to have any hope that it will ever repay all the debts, and many Greeks are beginning to wonder if their government is acting in their best interests.
New poll figures show that support for the political parties who’ve been involved in the deal is collapsing, raising the prospect that Greek voters will rebel via the ballot box at upcoming elections.