- Greece agrees deal to unlock €8.5bn in emergency funds
- European markets rise after Greece finally clinches deal
- Eurozone inflation slows to 1.4% in May
The poll below suggests other EU countries have no appetite to follow the UK out of the union:
Former finance minister Yanis Varoufakis is not the only one sceptical about the Greek deal struck in Luxembourg last night.
Kit Juckes at Societe Generale also suggests it was an elaborate exercise in kicking the can down the road:
The politics of debt relief are too toxic to cope with so [Eurogroup president] Jeroen Dijsselbloem called for the tee, put the debt can on top of it, lined it up and kicked it straight between the posts and down the road behind. Then he declared it a ‘major step forward’ that would help put the Greek economy on a sounder footing. Job done.
I expect this to be greeted with muted applause by European bond investors, by which I mean peripheral debt should do fine and the currency won’t care.