Greeks have been digesting the multi-billion euro bailout deal that has won their country a reprieve from bankruptcy.
However it has set in stone austerity for the foreseeable future, and has massively dented national pride.
The agreement has been welcomed by politicians, including the man tipped to be the next prime minister, the conservative leader of the New Democracy party, Antonis Samaras.
“Today’s decision by the Eurogroup is significant and positive. It removes the danger of the country defaulting, it secures our European prospects, it gives the opportunity for the debt to become viable, and opens the road for elections,” he said.
Those elections in April are certain to bring more protests: Tuesday saw the turn of civil servants. The government will come under increased pressure on two fronts: from eurozone monitors there to ensure measures are enforced, and from many who are bitterly opposed to them.
“The new loan agreement and more significantly the new measures that accompany it, are catastrophic for Greek society and the prospects of the country. Not only will it drive people and society to poverty, but it will deepen the recession and the state’s problems,” said Ilias Vrettakos, vice-president of the Confederation of Civil Servants.
Unions have called for more protests on Wednesday. Civil servants have seen cuts to wages, pensions and benefits. Thousands have been and are due to be laid off.
Thousands of businesses have closed down since the crisis began.
“I’m not at all optimistic because I see that all these loans will go back into the pockets of those who made them. All those who gave us money will take it all back. Out of this 130 billion euros, Greece won’t keep even five. So what’s the gain?” asked Achilleas Adam, a 67-year-old pensioner.
The Greek cabinet was due to meet on Tuesday evening to consider how to implement the measures and reforms demanded by its creditors.
As for the people, many may agree with the words of 70-year-old Ioulia Ioannou, a retired nurse, who said: “we’re like drug addicts who’ve just been given their next dose”.
- 1Chomsky says US is world’s biggest terrorist
- 2One of five suspects charged after Melbourne anti-terror raids
- 3Exclusive: choose between co-operation and confrontation, Iran’s Foreign Minister warns
- 4Foreigners flee xenophobic attacks in South Africa
- 5International lenders raise pressure on Greece as cash crunch looms
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Chomsky – a rebel with a cause | euronews, world news
- 3Chomsky says US is world’s biggest terrorist | euronews, the global conversation
- 4[LIVE] Germanwings passenger jet crashes in southern France, 148 people on board – authorities | euronews, world news
- 5Europe is ‘bluffing’ over Greece-Russia relations – analyst | euronews, news
- 6French Alps plane crash treated as suicide and mass murder by co-pilot | euronews, world news
- 7Why is Bulgaria the EU’s most unhappy country? | euronews, world news
- 8Former IMF chief ‘under investigation for money laundering’ | euronews, world news
- 9Greece’s claim for war reparations from Germany explained | euronews, world news
- 10International news | euronews, latest international news
- 11eurovibes - a selection of Europe’s best music talent
- 12International tv news | euronews: European and International tv news bulletin
- 13Pope Francis washes Rome prisoners’ feet on Holy Thursday | euronews, world news
- 14ECB chief Mario Draghi unhurt after protest during speech | euronews, world news
- 15Reaching new heights: Parents in India scale walls to ‘help students cheat’ | euronews, world news
- 16Germanwings press conference mystery: what wasn’t he supposed to say? | euronews, world news
- 17French prosecutor: Germanwings co-pilot appears to have crashed plane deliberately | euronews, world news
- 18Woman carries can of water on her head along Paris marathon | euronews, world news
- 19European Union News | euronews: latest breaking news and headlines about European Union
- 20[Live updates] France plane crash: damaged black box ‘can provide information’ | euronews, world news
Wires > News
- 14:33 CET Islamic State shot and beheaded 30 people in Libya – video
- 14:32 CET Up to 700 feared dead after migrant boat sinks off Libya
- 14:23 CET Thousands of Yemeni troops along Saudi border side with President…
- 13:49 CET India’s enigmatic Gandhi fires up opposition at farmers rally
- 13:32 CET Egypt court seeks death sentence for 11 in football stadium case -…
- 13:05 CET Life or death? Boston bomber’s trial turns to sentencing
- 12:48 CET Somalia’s al Shabaab fighters attack African Union troops -…
- 12:45 CET Northern Cypriots vote for new leader who can succeed in peace…