Eurozone finance ministers over the weekend staved off looming bankruptcy in Greece by agreeing to release the next tranche of aid to the country, but Athens will pay with a massive loss of its sovereignty, the eurozone chief has said.
In return for the €12 billion - the fifth payment from the €110 billion EU-IMF loan agreed last year - Greece will have to push through a swathe of privatisations reminiscent of the selling of East German firms in the 1990s after the fall of Communism.
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