![Eurozone ministers approve $170 billion bailout for Greece Eurozone ministers approve $170 billion bailout for Greece](https://www.cer.eu/sites/default/files/styles/spotlight/public/images/spotlight/in_the_press/2012/greek_euro_sl-1329836810.jpg?itok=1JPIpueG)
Eurozone ministers approve $170 billion bailout for Greece
"What the Greek economy is going through basically is a massive demand shock," said Simon Tilford, chief economist at the CER. "Unless they help the Greek economy back to growth, then I don't think there's any chance of the Greeks being able to abide by the terms of this bailout."