Tomorrow, another euro clash between Germany and Greece is looming. But this time it's not economics — it's soccer. The two face each other in the Euro 2012 quarter-finals. At least this meeting is not about debt, bailouts and austerity… Or is it?
After months of wrangling and a marathon meeting yesterday, European finance ministers have agreed on a $170 billion bailout deal for Greece. It'll save the country from a messy default, but the terms of the deal are painful.
European markets are down this morning after more hitches in plans to rescue Greece from default. There's a sense the Greeks have exhausted the goodwill of other European countries.