Greece Under Enhanced Surveillance: Debt Relief vs. Moral Hazard

FILE - Former Minister of Finance of the Hellenic Republic (June 2014 to January 2015) Gikas Hardouvelis. (Photo by Eurokinissi/Yorgos Kontarinis, File)

Greece’s third Economic Adjustment Program 2015-2018 is coming to an end this August. Anticipation of the event has generated a heated debate within the country on what comes next. Will there be adequate debt relief as was promised back in 2012 and in 2016, and if yes which form will it take and under what conditions? Does August 2018 mark a “clean exit” from the past programs, followed by a period of uninterrupted growth as the governing coalition claims? Or …

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1 Comment

  1. We have to ask how does Greece expect Brussels and Washington to finance the two million they secretly give the partirachate every year when the patriarch canonized Paisius just in time to elect Tsipras. Then they also finace the subversive racketeers known as SAE, who call us by nazi names “Expatriates”, “Homogeny” and “Diaspora”, racketeering to deprive us of our American birthright. And then all the little snowflakes in Greece get so upset because they want their ERT TV.

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