The Conversation

Reading between the lines of Greece's bailout: debt relief is inevitable -- just not yet

Author: The Conversation USA

How to explain Greece's bailout puzzle? Greece puzzle via www.shutterstock.com

At first glance, the latest developments in the Greek bailout saga seem a little puzzling, particularly those concerning debt relief.

The current proposal from Greece’s eurozone creditors does not offer debt relief. To the contrary, it emphasizes that debt relief is...

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