Further austerity measures in exchange for €130bn

There has been no official response from Athens to German proposals that the EU appoint a budget commissioner to take control of the country’s finances.

The proposals are expected to lead to heated debate at today’s summit. They are expected to lead to heated debate at today’s EU leaders summit in Brussels. EU leaders’ summit.

The leaders of the main political parties in Athens appear to have agreed to a draconian set of new austerity measures in exchange for a second bailout worth €130 billion, following earlier reservations by some of parties.