A deal has been reached between the Greek government and the rest of the Eurozone. Greece will get a series of loans that should save it temporarily from defaulting on government bonds; the deal will also ensure Greece will move deeper into misery and that the current recession that began five years ago will get worse.
Unemployment is already at 20 percent. It will grow because the new austerity measures include slashing pensions and lowering the minimum wage from 751 to 580 Euros per month. That’s called slashing the demand for goods and services. That’s called increasing misery. The Greek government is facing insolvency, dissolution and probably revolution in the coming months.
The Euro is good for the European banksters, but bad for the people of Greece. The Greek politicians know this.