Greece stays in euro for now - but for a 'draconian' price

London

IN what critics describe as a draconian, toxic deal, Greek premier Alexis Tsipras has reneged on his word to his electorate and accepted severe eurozone austerity measures to remain in the euro.

Relieved at the agreement hammered out after 26 hours of weekend negotiations, the euro and stock markets continued their Friday rally, but the big question is whether the recovery will last.