EU breathes sigh of relief, but it’s not over yet

THE vote in favour of a second round of austerity measures in Greece was greeted with relief by the EU, but the process is far from over yet.

Eurozone finance ministers will gather in Brussels on Sunday, when they hope to plan the disbursement of the next loan tranche to Greece.

Even with yesterday’s approval, there remains a risk that lawmakers may reject detailed austerity bills in votes today on the implementation of different elements of the plan, such as tax rises and the sale of state assets.