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    'Bailout plaster, not cure for bleeding Greek debt wound'

    RT News Channel

    RT News Channel

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    Forced into action by the teetering economies of Italy and Spain - EU leaders and private investors have agreed on a second bailout worth around 220 billion dollars, to prop-up Greece's unravelling economy. In an unprecedented show of solidarity to save the ailing Euro, the heads of states also agreed on a plethora of new laws, including ones to protect the union from U.S. credit rating agencies. But economic journalist Patrick Young says it's only a temporary cure, patching over the inherent flaws of Eurozone finances.

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