Business ear in review part 2: August to December

John Daly takes us through the highlights form the second half of the business year.

AUGUST

A month on from Greece’s rejection of proposals put forward by its creditors, Alexis Tsipras’ government announced that it had struck a deal with those same creditors aimed at securing €86bn in funding. The finalisation of the deal came after Tsipras performed a spectacular U-turn just days after the referendum result under pressure from creditors. The prime minister defended the deal, which he described as a bad deal but the best available under the circumstances. The parliament later approved the package of measures.