Delito de Opinião

"Greece unquestionably needs reform. But remember where the country was just a year ago. Austerity was paused in 2014, which allowed growth to return. Athens was in a primary surplus and needed no further financial aid — only extensions to smooth out the steep repayment cliffs in 2015 and 2016 that the eurozone and the International Monetary Fund recklessly left unchanged in the 2012 restructuring. Would it really have been so hard to simply grant the extensions (without haircuts), let the growth rebound continue (which would have increased the ability to service the debt) and leave Greeks to fight out whether and how to fix their country (or not)?" - Martin Sandbu, The Financial Times