Greek bailout: 5 key conditions set by EU

European Union leaders agreed to a €130 billion ($172 billion) bailout deal for Greece early this morning after a long night of negotiations. Here are five key elements of the bailout deal.

Permanent monitors

A task force from the European Commission will be on the ground as a permanent monitoring mission,  Bloomberg reports, overseeing implementation of the reforms that Greece has promised to the troika – the EU, the European Central Bank, and the International Monetary Fund.

This part of the deal has prompted accusations of international interference in sovereign affairs, but some critics of bailouts say it is essential, Reuters reports. The Dutch finance minister, one of the strongest critics of Greece, reportedly pushed hard for the permanent monitors provision. 

The Wall Street Journal describes it as a “new landmark for the willingness of the eurozone to intrude on member states’ traditional fiscal rights.”

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