Beyond the immediate financial squeeze, political pressures are growing, too.
Moreover, the new lines of credit should ease Vivendi's immediate cash squeeze.
With a new fiscal year starting July 1, the program's immediate financial squeeze will be eased, said the public television employees.
Mr. Fottorino, a former journalist, said the recent changes would have the newspaper on the right track once its immediate financial squeeze eased.
America's cliff-avoiding tax deal, for instance, implies an immediate fiscal squeeze of 1-1.5% of GDP without any resolution of the country's long-term deficit.
The result will be "a shrunken NHS", according to the study, with too few hospital beds to meet demand.The immediate financial squeeze on the NHS is only the start of a much bigger problem in the long term.
The sale, which was approved by Qwest's directors and is expected to be announced today, averts an immediate cash squeeze at Qwest that could have forced it to file for bankruptcy protection before the end of the year.
Anatoliy Cherevach, a banking analyst for the Cohen & Steers Dividend Value fund, said that he thought the immediate credit squeeze was abating but that he expected another shoe to drop, though agonizingly slowly.
Expect Mr Tsipras to make much of the few prizes Greece has been able to secure, including permission to run a slightly looser fiscal policy and, with luck, a decision from the European Central Bank to allow the use of Greek government debt as collateral.Even assuming the wrinkles can be ironed out, Greece still faces an immediate funding squeeze.
Even the International Monetary Fund, Mr. Fitoussi said, having learned lessons from the Asian crisis of the 1990s, would not try to impose as much austerity all at once, but would rather try to alleviate the immediate debt squeeze and help revive growth before insisting on the biggest cuts.
