Greece makes deal with banks, cuts wages to get debt relief

Greece makes deal with banks, cuts wages to get debt relief

Written by Simon Tilford, 10 February 2012

"What they are actually discussing is nowhere near enough," said Simon Tilford, chief economist at the CER in London. "Six months down the line, there will have to be another big haircut, and again and again, it will take years."

Link to press quote:
http://www.usatoday.com/money/world/story/2012-02-09/greece-budget-cuts/53021526/1