Why the debt deal with the EU is bad for Greece

The new Eurogroup agreement commits Greece to 40 more years of austerity and supervision.

  • Jerome Roos
  • AlJazeera

Shortly before coming to power in January 2015, Alexis Tsipras – then still known as an outspoken Greek opposition leader and unconventional anti-austerity firebrand – vowed not to wear a tie until international lenders agreed to cut his country’s towering debt load to sustainable levels.

Del 3cOn Friday evening, the 43-year-old prime minister, who has since presided over three years of highly unpopular austerity measures in return for a third EU bailout, finally donned a burgundy piece of neckwear as he addressed a…

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