BBC News covers the latest Greek bailout.
Greece has avoided a nightmare scenario by agreeing to a 130bn euros (£110bn; $170bn) bailout deal.
Under the agreement hammered out in Brussels
* Greece will undertake to reduce its debt from 160% of GDP to 120.5% by 2020
* private holders of Greek debt will take losses of 53.5% on the value of their bonds, with the real loss as much as 70%
* eurozone experts will permanently monitor Greece’s economic management
* a constitutional change will give priority to debt repayments over the funding of government servicesThe country has just over a week to approve a round of spending cuts of more than 3bn euros tied to the bailout
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.