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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.

EU leaders have no further reason to impose austerity on Greece or strictly enforce the terms of the latest bailout. Instead, they have every incentive to demonstrate the success of their "tough love" policies by easing austerity to accelerate growth throughout the eurozone.


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...