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No easy solution for Greek debt crisis

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No easy solution for Greek debt crisis

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Al Jazeera English

1 Views • Aug 27, 2012

Description

Eurozone finance ministers are set to approve the release of $17bn for Greece.

It is the next portion of the bailout from the European Union and the International Monetory Fund - made possible by the austerity laws the Greek parliament passed this week.

However, there is no certainty in the long-term benefit of the bailout, as Greece's mechanisms to repay the loan are still unclear.

Al Jazeera's Laurence Lee reports.