Tuesday 23 May 2017

The last thing Greece needs is another bailout

Alexis Tsipras attends a debate on Greece at the European Parliament in Strasbourg, France
Alexis Tsipras attends a debate on Greece at the European Parliament in Strasbourg, France
Letters to the Editor

Letters to the Editor

A further Greek bailout could do more harm than good. The country is already up to its neck in debt and yet the EU is planning to put another albatross over its head. The only solution for Greece is to write down its debt significantly, reschedule its payments, or cancel its debt.

Clearly, it is costing a fortune to run the country and one has to seriously question its ability to pay back any debt, nevermind another bailout.

Greece's overall economic viability is also in doubt, in addition to its chronically political instability.

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