Love is in the air!
Simon Nixon at the Wall St Journal reminds us that "...it falls far short of the "comprehensive plan" that euro-zone leaders had promised and investors had been demanding. On all three main measures—restoring Greek debt sustainability, increasing the size of the bailout plan and recapitalizing the banks—key details remain to be worked out. Previous Grand Plans unraveled within days under the glare of market scrutiny; the best hope is that this deal buys a little more time."
