The exit terms make it difficult for the next Greek governments to chalk up any wins.
- Leonid Bershidsky
- Bloomberg
In a way, the debt relief deal Greece has received as it exits its bailout makes good sense: It keeps the country on a tight leash, all but eliminating the possibility that it will go on a borrowing spree in the financial markets and misspend the money as it’s done…
On the other hand, the scheme gets superimposed uncomfortably onto the country’s political cycle: It puts the next government on the spot, making a backlash against it all but…