COPENHAGEN: Stock markets in the Nordics got a boost on Monday morning after eurozone leaders struck a deal for a new financial aid programme for Greece. Eurozone leaders reached an agreement in Brussels after an all-night negotiation to establish preconditions for a new financial aid programme for Greece.
The struggling southern European country is now scheduled to get between €82 and €86 billion over the next three years. However the Greek parliament must agree to the programme by July 15th with the Bundestag (German parliament) also then voting on the terms and conditions. EU leaders appeared optimistic on Monday morning with German Chancellor Angela Merkel even going as far as saying “I believe Greece can get back to normal”.
Reacting to criticism that Greece was being asked to give up its sovereignty, Greek Prime Minister Alexis Tsipras told reporters in Brussels: “We have taken the responsibility for this position so as to avoid the most extreme consequences…We are leaving a legacy for the necessary changes in all of Europe, and we will fight to find our way back to growth and win back our lost national sovereignty.”
