Mark Thomas, business strategy specialist at PA Consulting Group, has been quoted in an article in the Financial Times' Companies & Markets section. Mark gives his views on a deal agreed by eurozone's bail-out fund.
Mark says: "This fits into the narrative of trying to postpone the day of reckoning for a few years. My instinctive feeling is that it won’t be enough."
Mark goes on to comment that the deal, which reduces the interest rate paid by Greece and lengthens its loans, is viewed as easing the harsh effects of Greece's May rescue package: "The original bail-out didn’t look like a sustainable position."
You can read the article in full here.
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