Wednesday 16 August 2017

Even with a debt deal, Europe's Greek economic experiment looks set to fail

A bather leaps from a rock into the sea on the coast south west of Athens, Greece
A bather leaps from a rock into the sea on the coast south west of Athens, Greece
Richard Curran

Richard Curran

Greeks have had seven years of economic torture yet more financial pain will be required regardless of whether they do a deal with their creditors in the short term.

A press release announcing a breakthrough deal in negotiations will not convey the long hard road that still lies ahead for the country.

No deal would plunge the country into even deeper uncertainty.

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