The eurozone's finance ministers have approved a second Greek bailout totaling €130 billion, along with a €107 billion haircut on Greece's debt by private creditors. Athens must therefore meet its March 20 deadline of a €14.5 billion reimbursement.
Greece will not go bankrupt – Gazeta Wyborcza
The Eurogroup's bailout conditions include increased surveillance of the Greek government, so that it applies the requested reforms and austerity plan.
Conditional rescue – Ta Nea
On top of the €130 billion bailout and €107 billion debt haircut by private investors green-lighted on the night of February 20 to 21, the French daily recalls the €110 billion bailout approved in May 2010.
Rescue of Greece will cost €350 billion – Le Figaro
On February 22, the European Commission is to propose the freezing of grants to Hungary under the European structural funds programme. Budapest faces an infringement procedure due to its excessive deficit, according to the Commission.
The brutal threat of Brussels – Népszabadság
After the demonstrations of 19 February against labour reform and clashes in Valencia on February 20 between police and young protesters against education cuts, the conservative daily anticipates more street protest against the government of Mariano Rajoy.
Spain cannot be Greece – La Razón
Job Cohen has quit as leader of the Dutch Labour Party (PvdA). Much hailed when appointed in 2009, the former mayor of Amsterdam was heavily criticized for his "lack of leadership" and his inability to define a political line for his party.
The Prince Charming who disappointed – Trouw
The Russian prime minister and front runner for the March 4 presidential election believes that his country must spend the equivalent of €590 billion on developing more effective weaponery in the next ten years in order to protect it from external attacks.
Vladimir Putin breathes new life into Cold War – De Standaard
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