Wheeling and dealing offers something for everyone

THERE was something for everyone, with a little more for the banks and less for the taxpayer, in the deal that emerged from the 10 hours of negotiations by eurozone leaders at the euro summit on Thursday.

Much of that time in the unglamorous surroundings of the Justus Lipsius building in the centre of the EU district was spent explaining the intricacies of the deal to the 17 prime ministers and president.

Similarly, analysts and journalists spent most of yesterday trying to decipher just what was agreed on how private investors would take a hit and so contribute to lowering Greece’s debt.