After twelve hours of meetings in Brussels, European Union leaders have agreed to a 130 billion euro ($170 billion) bailout of Greece . This was seen as a last minute deal to stave off Greek default. But there is much work to be done. As Dow Jones 's Terence Roth tells his colleague Nick Hastings , this agreement was essential because it gives Greece's leadership just enough time to do all it must do to avoid collapse.
Filed under: finance, GDP, banks, debt, Guardian, Europe, Dow Jones, Euro Zone, currencies, euro, Greece, default, Greece bailout, sovereign debt, nick hastings, terence jones