The package of pension cuts and tax hikes approved by Greek lawmakers to obtain more credit is controversial. As it stands, the country is already weighed down with massive debt. The goal is to save between 2.5 and 3 percent.
German Finance Minister Wolfgang Schäuble, a seasoned stickler, is bidding farewell after eight years. Though anyone in the EU looking forward to a future of more debt may be cheering too soon, writes Bernd Riegert.
Greek Prime Minister Tsipras has said his country is no longer in danger of Grexiting - leaving the EU - and is seeing an inward investment boom. He said he is hopeful after nine years of recession, but questions remain.
This EU summit proves: Trouble is brewing in every corner of Europe. But the bloc does not need grand visions; it needs practical solutions to the problems it faces, says DW’s Christoph Hasselbach.
Greeks have long viewed the German finance minister as a symbol of failed austerity policies. But Athens is by no means joyful now that Wolfgang Schäuble is leaving after eight years in office, says Jannis Papadimitriou.
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