News by email Donate


Top Stories

Most Read

Popular Videos

World News

Christian welcomes Greek bail out deal

by Aaron James

Rachael Pogois, vice-chairwoman on the council of St Andrew's International Church in Athens, said she was "very, very concerned" about the upcoming levels of austerity which would come with the financial deal.

She was speaking after Eurozone leaders agreed to give Greece a third bailout package of up to €86bn over the next three years, in exchange for further austerity and reforms.

Eurozone leaders refused to write off any of Greece's debts, despite calls from some to do so.

Talks between the two parties lasted 17 hours before a deal was struck.

The money will mean Greek banks will be able to reopen after two weeks of closure, and that capital controls - where people have only been allowed to withdraw €60 per day - will be lifted.

Some analysts had predicted Greece's economy would have collapsed without another bailout.


Greece is €320bn in debt, a ratio of 177% to their GDP, and around 1 in 4 Greeks are unemployed. Greece's GDP has also fallen by a quarter since 2010.

The Greek government still has to pass the new bailout deal for it to come into effect.

Greek Prime Minister Alexis Tsipras, pictured, said the deal meant Greece had "managed to avoid the most extreme measures".

In exchange for up to €86bn, it will have to reduce pensions, raise taxes, and sell off some state-owned assets.

Rachel Pogois told Premier's News Hour: "Oh, we're very, very concerned [about the upcoming austerity], very concerned. It is devastating for many, many people. It's across the board. It's not just one group or another group, it's all people who live in Greece.

"Many people realise that we have no other choice. Of course the banks are still not open, people are really beginning to suffer I think.

"It is very difficult to live on such a reduced amount of cash. A lot of people, their salaries are paid through the banks, they cannot get them out except 50 or 60 euros a day. It is very, very difficult for people and they're just trying to make do as long as they can."

Listen to Premier's Antony Bushfield speaking to Rachel Pogois here:

A Monthly Gift Of $11 Makes A World Of Difference

In a world of fake news there’s never been a greater need for quality Christian journalism. Premier’s mission is to provide the Church with the most up to date and relevant news, told from a Christian perspective. But we can’t do it without you.

Unlike many websites we haven't put up a paywall — we want to keep our journalism free at the point of need and as open as we can. Premier’s news output takes a lot of time, money and hard work to produce. No one in the USA is sharing news like we are across radio, magazines and online so please help us to continue that today.

For a monthly gift of $11 or more we’d also be able to send you a free copy of the brand new Premier Bible, a wonderful Anglicised version of the NLT packed with exclusive bonus content, reading plan and resources to help you get the most out of scripture.

Your monthly support will make a world of difference. Thank you.

Support Us
Continue the conversation on our Facebook page

Related Articles

Sign up to our newsletter to stay informed with news from a Christian perspective.

News by email