Saturday, February 21, 2015

Germany blinks: Greeks win time, funding and an end to previous austerity agreements

Reported here:

Mr Tsipras added the extension would finally put an end to the "asphyxiation" Greece has suffered since 2012.

"Yesterday's agreement with the Eurogroup cancels the commitments of the previous government for cuts to wages and pensions, for firings in the public sector, for VAT rises on food, medicine," added the prime minister.

"We averted plans by blind conservative powers, within and outside the country, to asphyxiate Greece on February 28," he said.