Analysts cautious on Greek debt deal

Fund managers, analysts and economists have plenty of reservations about the eurozone deal on Greek debt – despite buoyant European equity markets

Fund managers, analysts and economists have plenty of reservations about the eurozone deal on Greek debt – despite buoyant European equity markets.

Under the terms of the deal struck in Brussels yesterday, Greece will get €109bn of new loans, more generous terms on its existing debt, and banks will take "haircuts" of up to 21% on the money they have lent to Greece. Debt repayment periods will also be extended for Ireland and Portugal.

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