Why the Greek deal will work
With key conditions apparently in place for sustainable recovery in Greece, the Tsipras government should have little problem supporting its debt burden.
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NOW that Greek banks have reopened and the government has made scheduled payments to the European Central Bank (ECB) and the International Monetary Fund, does Greece's near-death experience mark the end of the euro crisis? The conventional answer is a clear no.
According to most economists and political commentators, the latest Greek bailout was little more than an analgesic. It will dull the pain for a short period, but the euro's deep-seated problems will metastasise, with a dismal prognosis for the single currency and perhaps even the European Union (EU) as a whole.
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