You are here: Home » Opinion » Breakingviews
Business Standard

Kicking the kicking of the can

Greek deal is rational, predictable, messy

Neil Unmack 

Neil Unmack Greece’s latest deal is rational, predictable, and messy. The euro zone’s ongoing problems frequently elicit a hoary cliche about governments not fixing problems, but merely kicking the can down the road. This doesn’t even go that far. European lenders to Greece have been grinding out a deal that convinces the International Monetary Fund (IMF) to sign up to Greece’s third bailout, which would release euro 10.3 billion of fresh funds. The snag was that the IMF has been demanding upfront unconditional debt relief from euro zone lenders, and a lower budgetary surplus ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, May 25 2016. 21:22 IST