A Separate Greece
Published on: Thursday 16 July 2015
The simple reality in this family drama is this: The Greeks had a party, not for the first time in their history, for which they do not want to, and cannot, pay. The rest of the eurozone has been reluctantly willing to forgive much of the Greeks’ former excess and provide limited assistance to keep them in the family (which they lied to join), but only if they make credible commitments to change; this formula has worked decently well with the other struggling eurozone countries and is reasonably consistent with the rules of the zone and political realities.
