At a meeting of euro-area finance ministers in Brussels on Wednesday that lasted late into the night, officials struck a preliminary deal with Greece to ease the countrys debt burden, paving the way for a 10.3 billion-euro ($11.5 billion) aid payout. While finance ministers called it a breakthrough deal, Greece is still on shaky terms, as officials left out important details up for discussion after Germanys federal election next year.
Its time Europe forgives a big share of Greeces debt and realizes that the benefits of bailing out the debt-troubled country overwhelmingly outweigh the costs, particularly as Britain rethinks its membership in the European Union.
Next month, voters in Britain will decide whether the country shoul…
Read the full article at: http://fortune.com/2016/05/25/greece-debt-relief-2/