Over Easy: Around the World
(Picture courtesy of Herry Lawford at flickr.com.)
Welcome to Thursday’s Over Easy, a continuation of Southern Dragon’s Lakeside Diner and its tradition of giving an overview of news our everyday media doesn’t cover, issues that we ought to consider outside the U.S. scene. Now, I am back from that world and view, and glad of it though there are things I miss.
Greece has reopened the banks, with limits on the amount of withdrawal allowed and restrictions on transfers of money out of the country.
Athens reached a cash-for-reforms deal aimed at avoiding a debt default and an exit from the eurozone.
But many restrictions remain, including a block on money transfers abroad, and Greeks also face price rises with an increase in Value Added Tax (VAT).
Meanwhile, Germany has said it is prepared to consider further debt concessions to Greece.