Fears remain over possible Greek default

Following decisions taken at the emergency Eurogroup summit in Brussels on the 21 July 2011 Greece’s chances of bringing its soaring public debt under control have increased as a result of the country’s latest international rescue plan but analysts warn that the risk of a default remains.

ESO: Background information: Meeting of Heads of State or Government of the Euro area, Brussels, 21 July 2011: EU leaders agree €109bn Greek bail-out http://www.europeansources.info/record/meeting-of-heads-of-state-or-government-of-the-euro-area-brussels-21-july-2011-eu-leaders-agree-e109bn-greek-bail-out/

ESO: Background information: Moody’s cuts Greek debt by three notches http://www.europeansources.info/record/moodys-cuts-greek-debt-by-three-notches/

Kathimerini, 27.7.11: PM hails party's efforts, pushes reforms http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_11237_27/07/2011_400118

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