European Central Bank and Athens both say Greek politicians have signed onto Greek rescue deal

02/09/2012 9:17 am EST


Jim Jubak

Founder and Editor,

Mario Draghi, head of the European Central Bank, and state-run Greek TV are both saying that the Greek government has reached a deal on all the issues in a second Greek bailout package.

Draghi has just told reporters in Frankfurt that Greek Prime Minister Lucas Papademos had telephoned him to say that an agreement had been reached and endorsed by all the major Greek political parties.

It’s now on to the meeting of EuroZone finance ministers set to begin, if I’ve got all the time zones straight, at noon New York time. Greek finance minister Evangelos Venizelos is scheduled to present the agreement at the meeting.

As has been typical all throughout this crisis, the package isn’t as neatly tied up as the headline suggests. All the major” parties may have signed on, but it’s not clear, yet, whether George Karatzaferis, the head of Laos has agreed. The party is a junior member of the current governing coalition so you could say that all the “major” parties have signed even if Laos is still holding out.

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