GreekIslandGirl wrote:Congratulations to Tsipras for pulling off some amazing negotiations against some of the strongest and cruelest opposition ever seen!
The most noteworthy triumphs for Tsipras:
Tick 1Up to €50bn (£35bn) worth of Greek assets will be transferred to a new fund, which will contribute to the recapitalisation of Greek banks. The fund will be based in Athens, not Luxembourg as the Germans had originally demanded.
The location of the fund was a key sticking point in the marathon overnight talks. Transferring the assets out of Greece would have meant “liquidity asphyxiation”, said the Greek prime minister, Alexis Tsipras.
Tick 2Debt restructuring
Greece has been promised discussions on restructuring its debts. The German chancellor, Angela Merkel, said the Eurogroup was ready to consider extending the maturity on Greek loans. There is now no need for a Plan B, she added.
http://www.theguardian.com/business/201 ... nts-grexit
Greece is great blah blah .....can do no wrong blah blah ........