Thursday 23 November 2017

Hard choices have yet to be faced on Greece

'If the EU is to have a meaningful future, then it must foster a more inclusive vision and inform its thinking beyond the scope of bankers and bureaucrats'
'If the EU is to have a meaningful future, then it must foster a more inclusive vision and inform its thinking beyond the scope of bankers and bureaucrats'
Editorial

Editorial

All that was missing from the declaration of "peace in our time" regarding a "settlement" on the Greek economy was the little man in the bowler hat, waving the white piece of paper.

Would that it were true. But the claims that this is an enduring agreement capable of securing economic stability are not quite convincing.

More likely, the EU has put a smokescreen in place and the fundamental fault lines that still bedevil the eurozone remain. The targets that come with the €86n bailout have been branded as "fantasy" and "utterly unachievable" by economists.

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