German parliament approves €86 billion Greek bailout with 454 lawmakers voting ‘yes’, 113 voting ‘no’ and 18 abstaining. According to the bailout terms Greek ports, water suppliers, islands will be sold to satisfy EU privatisation.
But economists are not sure the packages can help Greece to overcome the crisis. Ratings agency Fitch which upgraded Greece's ratings by one notch to 'CCC' from 'CC' says that the risks of unsuccessful completion of the Greek bailout are still high.
1 comment:
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