How Europe’s Band-Aid Ensures Greece’s Bondage
All the happy talk about impending “debt relief” and a “clean exit” from Greece’s third “bailout” obscures an uglier truth: the country’s debt bondage is being extended to 2060. Worse, by ossifying Greece’s insolvency, while pretending to have overcome it, Europe’s establishment is demonstrating its refusal to fix the eurozone’s flaws.
https://prosyn.org/cAKTXOw
ATHENS – Greece’s never-ending public-debt saga has come to signify the European Union’s inept handling of its inevitable eurozone crisis. Eight years after its bankruptcy, the Greek state’s persistent insolvency remains an embarrassment for Europe’s officialdom. That seems to be why, after having declared the euro crisis over in the rest of Europe, the authorities seem determined to declare final victory on the Greek front, too.