E.U. Reaches Debt Deal for Greece

Robbing from Peter to pay Paul is not a sustainable economic policy.  Many within the EU are becoming increasingly dissatisfied with Greece’s  antics.

European Union officials agreed on Thursday to unlock loans of 8.5 billion euros for Greece, to ensure it meets huge payments on its debt next month.

The deal, reached by eurozone finance ministers, will ensure that Greece can pay about €7 billion…next month on its towering pile of loans. If Greece defaulted on its debt, it could set off an economic crisis, reviving fears about the future of the eurozone.

www.nytimes.com/2017/06/15/business/eu-greece-debt.html