07:56 GMT, 11 June 2012
Angry Greeks are demanding better terms on their country's bailout after Spain was handed what they
see as a 'no-strings attached' €100billion cash boost. Far-left party Syriza, which could win the re-run of the
Greek elections on Sunday, said the Spanish deal 'showed Europe was abandoning its policy of austerity'. The
agreement, they said, was in stark contrast to the deal hammered out with the Greeks two years ago.
<a href="http://s1267.photobucket.com/albums/jj559/365Wildfire/?action=view&current=frm00002-41.jpg" target="_blank"><img src="http://i1267.photobucket.com/albums/jj559/365Wildfire/frm00002-41.jpg" border="0" alt="Photobucket"></a>
That saw the nation hit with strict rules including tight supervision and submitting to regular inspections by the
troika of the European Commission, the European Central Bank and the International Monetary Fund.
Spain has only been told to restructure its trouble financial sector - currently lumbered with billions of euros
worth of bad loans by the bursting of the Spanish property bubble.
Party leader Alexis Tsipras, Greece's possible next Prime Minister, told Avgi newspaper: 'Developments in Spain
have confirmed the position we have supported from the start. Namely, that the crisis is a Europe-wide problem
and that the way it has been dealt with so far is socially destructive and completely ineffective.'
<a href="http://s1267.photobucket.com/albums/jj559/365Wildfire/?action=view&current=frm00001-46.jpg" target="_blank"><img src="http://i1267.photobucket.com/albums/jj559/365Wildfire/frm00001-46.jpg" border="0" alt="Photobucket"></a>
Greek politicians have also said that the Spanish deal will give them room to renegotiate their deal to include less
austerity measures. Despite Greece's concerns, European shares are set to surge today.
Investors are expected to rush back to riskier assets after eurozone finance ministers agreed to lend Spain up to
$125 billion to help its battered banks.
Asian markets leapt and U.S. stock futures climbed as sentiment improved after the 17-nation euro currency area
agreed on Saturday to lend Madrid up to S125billion for its bank rescue fund, more than an initial audit suggested
it might need.
Angry Greeks are demanding better terms on their country's bailout after Spain was handed what they
see as a 'no-strings attached' €100billion cash boost. Far-left party Syriza, which could win the re-run of the
Greek elections on Sunday, said the Spanish deal 'showed Europe was abandoning its policy of austerity'. The
agreement, they said, was in stark contrast to the deal hammered out with the Greeks two years ago.
<a href="http://s1267.photobucket.com/albums/jj559/365Wildfire/?action=view&current=frm00002-41.jpg" target="_blank"><img src="http://i1267.photobucket.com/albums/jj559/365Wildfire/frm00002-41.jpg" border="0" alt="Photobucket"></a>
That saw the nation hit with strict rules including tight supervision and submitting to regular inspections by the
troika of the European Commission, the European Central Bank and the International Monetary Fund.
Spain has only been told to restructure its trouble financial sector - currently lumbered with billions of euros
worth of bad loans by the bursting of the Spanish property bubble.
Party leader Alexis Tsipras, Greece's possible next Prime Minister, told Avgi newspaper: 'Developments in Spain
have confirmed the position we have supported from the start. Namely, that the crisis is a Europe-wide problem
and that the way it has been dealt with so far is socially destructive and completely ineffective.'
<a href="http://s1267.photobucket.com/albums/jj559/365Wildfire/?action=view&current=frm00001-46.jpg" target="_blank"><img src="http://i1267.photobucket.com/albums/jj559/365Wildfire/frm00001-46.jpg" border="0" alt="Photobucket"></a>
Greek politicians have also said that the Spanish deal will give them room to renegotiate their deal to include less
austerity measures. Despite Greece's concerns, European shares are set to surge today.
Investors are expected to rush back to riskier assets after eurozone finance ministers agreed to lend Spain up to
$125 billion to help its battered banks.
Asian markets leapt and U.S. stock futures climbed as sentiment improved after the 17-nation euro currency area
agreed on Saturday to lend Madrid up to S125billion for its bank rescue fund, more than an initial audit suggested
it might need.
