Negotiations between Greece, the EU and the European Monetary fund "concluded positively" on the 3 June, opening the way for a new tranche of financial aid dedicated since the bailout of 2010. But while Moody's has downgraded Greece's credit rating and public protests against austerity are on the rise, the benefits of the rescue plan are far from obvious.

Was this article useful? If so we are delighted! It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans. Discover our membership offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic