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Page last updated at 07:33 GMT, Monday, 20 February 2012

'Optimism' over eurozone future

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Eurozone finance ministers are meeting today to finalise a second Greek bailout in a deal they hope will quash suggestions that Greece might leave the euro.

The deal to write off 100bn euros in debt and provide a loan of 130bn euros is contingent on painful new spending cuts that Athens must make despite violent protests.

On Sunday hundreds of people joined a protest in central Athens against the austerity measures.

After several false starts during weeks of what officials said was "deliberate pressure" to get the ruling class in Athens to change its mindset, a strong political and financial signal is now anticipated from the euro group meeting.

Steven Major, head of fixed income at HSBC, tells the Today programme's Sarah Montague that he is optimistic about the future of the eurozone.


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