Last week’s bail-out agreement has prompted some commentators to suggest that Greece’s future in the euro-zone should now be secure until at least next autumn. But we are not convinced. Indeed, given the doubts over the effectiveness of the debt buyback plan, core policymakers may still have to make further painful concessions just to ensure that Greece gets its next loan tranche.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services