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Tspiras Troika

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The Greek bailout? A quick fix. Grexit only delayed

Charles Wyplosz / 14 July 2015 (VOXEU) / The new bailout deal for Greece was not easy. This column argues that it was also a failure. It will not be enough to recapitalise banks, it asks for structural reform that exceeds Greek capacities, and it raises the Greek debt-to-GDP ratio to unsustainable levels. In a few months or … Continue reading

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