The EU’s deal on Greece shows that Europe remains wedded to the politics of austerity

On 20 February 2015, Greece agreed to a four month extension of its current bailout programme, subject to the approval of reform measures proposed by the Greek government. André Broome writes that while the election of the Syriza-led coalition in Greece was initially hailed as a game-changing event that could bring an end to austerity in Europe, the negotiations between Greece and the ‘Troika’ demonstrate why a sharp turn away from austerity policies in Eurozone bailouts remains highly unlikely.

• Primary Source

ESO: Background information: Greece requests eurozone loan extension / Athens submits proposal to Eurogroup, Berlin rejects it http://www.europeansources.info/record/greece-requests-eurozone-loan-extension-athens-submits-proposal-to-eurogroup-berlin-rejects-it-greece-wins-four-month-bailout-extension-in-eurozone-deal/

---