Austerity Cycle News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Officials estimate greece needs $96 billion. for the latest on the last-minute deal let's 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 parliament has to first ratify what has just been decided in brussels. it has two days to do that. so we ...

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 very hard times and what has been put on the table does not really get greece out of that austerity cyc...