Greek debt deal doesn't solve the problem

Eurogroup participants said the outcome of Tuesday's (24 May) meeting was "a breakthrough", a "decisive agreement" and a "very important moment" in the Greek bailout programme.

For the first time, the representative of the International Monetary Fund (IMF) said, all Greece's creditors "recognise that Greek debt is unsustainable and that Greece needs debt relief".

Concrete measures were detailed to reduce the cost of debt repaym...