41dcfa02f863878c1ce06a00_pa3483c.jpg Paul Lachine

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.

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.

https://prosyn.org/xx5jJcs