Newsnight’s correspondent Duncan Weldon’s tweets on the agreement:
1. Almost no one coming out of this well.
2. Greek govt went to the brink causing huge damage to economy & then got a deal which falls well short of aims.
3. German govt showed an ugly side, aiming for humiliation rather than compromise.
4. IMF continually ignoring its own rules and lending without firm debt restructuring commitments.
5. ECB got dragged into the politics risking image as an independent central bank.
6. And once again – the Greek people are the real losers of it all.
And as Charlie Robertson, Chief Economist at RenCap tweeted: “Tsipras told the Greeks they could stay in EUR and avoid austerity – it’s taken 5 months to discover this was untrue”.
Solutions Edge 