Report: Creditors Willing To Ease Up On Austerity Measures Now That Greece Has Been Gutted Like A Fish
Behold the magnanimity!
Der Spiegel magazine has reported that creditors were willing to ease austerity measures for Athens because the Greek economy had deteriorated so badly that the once planned budget targets now seemed to be "illusory".
Germany says Greece must aim for "ambitious" reforms in bailout talks [Reuters]