WHAT DEMOCRACIES CAN LEARN FROM GREECE’S FAILED POPULIST EXPERIMENT

by on 6 Μαΐου 2017

Rambunctious outsiders often have no solutions to offer. But their obvious failures will not guarantee their demise

While the crisis in Greece no longer captures international headlines as it once did, the country’s troubles never went away. Greece remains the only Eurozone country still subject to a joint Eurozone-International Monetary Fund fiscal adjustment and structural reform program. In the long-running saga’s latest episode, the recent completion of a crucial compliance review paves the way for the release of $7.6 billion in bailout funds to Greece from its creditors in exchange for further budget cuts and tax increases.

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