Europe's Plan C for Greece no better than previous plans

Europe's leaders have reached Plan C in their efforts to rescue Greece. Unfortunately, it lacks a crucial element also absent in plans A and B: adequate debt relief.

The agreement between euro-zone finance ministers and the International Monetary Fund is welcome and overdue. It provides much-needed support for a Greek government that has taken enormous political risks to meet the conditions for aid.

via Business feed http://www.scmp.com/business/economy/article/1093487/europes-plan-c-greece-no-better-previous-plans