Well, this looks like errrmm..... amazingly good news? The net effect of this deal is that we'll be borrowing 20bn euro less between 2015 and 2022. Thats a whopping 2.5bn euro less in austerity measures per annum. Now, I'm not one to over-egg the pudding when it comes being positive about our economic prospects but that's a huge weight off the national economy in the medium term.
Repayments on €20bn of EU bailout loans set to be rescheduled