The Greek Tragedy, Act II
A Greek tragedy is typically composed of three acts, with the first setting the scene and the second containing the plot's climax. For current-day Greece, the imposition of “voluntary” losses on the country’s private creditors represents just the end of the beginning.
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CHICAGO – A Greek tragedy is typically composed of three acts. The first sets the scene. It is only with the second that the plot reaches its climax. For current-day Greece, the imposition of “voluntary” losses on the country’s private creditors represents just the end of the beginning. The real tragedy has still to unfold.