The last thing Greece needs is another bailout
Published 09/07/2015 | 02:30
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.