Greek Lessons

摘要

The greek crisis is not over, even if markets are now paying more attention toBeijing or Washington than to Athens. As soon as euro area countries disbursed the first tranche of their €86 billion ($97billion) bailout to Greece, prime minister Alexis Tsipras resigned and called for snap elections, raising fresh political uncertainties. One does not have to be overly skeptical about the prospect of structural reform under a Syrizagovernment to anticipate another funding crisis and risk of Grexit in the next three years.