Daily: Greek election means Greek economic recovery nowhere in sight

Daily commentary

Last week, in framing the Greek elections, I reminded you that irrespective of who won the elections in Greece on Sunday, it was clear that Greece would be unable to hit their deficit targets. This is why the German government is already debating relaxing Greece’s austerity targets. The bailout package will be renegotiated. The question is under what terms.

New Democracy have signalled to the Germans that they have no good alternative to a negotiated agreement and so their...


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