357 Magnum

So the Eurozone has gotten Greece to accept terms for another bailout. Greece borrowed money. Now they must pay it back. Why is that so complicated? – Telegraph.

The Greek government – in the person of their Prime Minister, Tsiprias – has had to agree to terms. (Whether he can get those terms past his own parliament is an open question.) In order to get that next bailout, the creditors want proof that Athens is willing to cut spending and raise taxes.

There have been promises to do this in the past, and the promises have not been kept. So it’s not only Germany that has doubts about the Greeks’ willingness to do whatever they promise. Finland, Poland and Slovakia are all sceptical.

In short the people writing the checks, are getting tired of footing the bill.

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