Greece is emerging from crisis. There is a huge amount left to do

It is time for the government to take ownership of its problems


  • by
  • 08 4, 2018
  • in Leaders

GREECE is gradually coming out of the deepest depression suffered by any rich country since the second world war. The economy is growing; unemployment is falling (see ). On August 20th, eight years after it first sought help, the country will emerge from its final bail-out programme with official creditors. The three bail-outs cost Greece €300bn ($350bn)—without counting interest payments or the effects of harsh austerity. Before wildfires last week plunged the country into mourning, the left-wing government of Alexis Tsipras had hoped to mark the occasion with street parties.Greece’s recent progress is welcome, but the country still faces immense difficulties. Although euro-zone mandarins will continue their inspections until most of the debts are repaid, the onus will henceforth be on the Greeks to solve their own problems. That has consistently proved beyond them, even when the crisis was at its deepest.

  • Source Greece is emerging from crisis. There is a huge amount left to do
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