Angela Merkel got her way with a 'troika' on the ground in Greece (Photo:

Germany makes Greece pay with sovereignty for new bail-out

Greek sovereignty was further undermined by eurozone leaders on Thursday (27 October), as Germany demanded a "durable" supervision on the ground of its economic policy-making under the terms of a second €130 billion bail-out.

The new rescue package, which comes with a 50 percent debt cut by private lenders and is to run until 2020, will include a "monitoring capacity on the ground" instead of current visits every three months by the troika of European Commission, International Monetary ...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here