Austerity Cycle News Today

Officials estimate greece needs $96 billion. for the latest on the last-minute deal lets go to elinda labroupouvu. >> reporter: a deal has been reached after 17 hours of talks in brussels. this is a deal that includes more austerity for greece. so despite the efforts of the greek prime minister and the greek people to avoid getting into a new austerity cycle, this new package includes plenty of it. what we have now is a deal to agree on a deal. in order for the talks to continue the greek parlia...

Seems that mr. tsipras decided it might be best for him to step down. >> and mr. varoufakis in term of his controversial comments he accused the troika of spreading fear saying that they wanted to humiliate greeks and accused them of terrorism as well. i am wondering how ordinary greeks reacted to those comments. >> i think a lot of greeks are very pessimistic about what is happening and disillusioned with europe and the creditors. they feel they have gone through five years of austerity and ver...