Be­ware vi­cious cy­cle

Kathimerini English - - Front Page -

The coun­try’s suf­fer­ing grows with ev­ery day that passes with­out a deal be­tween Greece and its in­ter­na­tional cred­i­tors. Peo­ple here feel as though they are be­ing crushed be­tween the ir­ra­tional sever­ity of the coun­try’s lenders and the in­ef­fi­ciency and ab­sur­dity of the left­ist-led gov­ern­ment. Only one thing is cer­tain, though: If a com­pro­mise be­tween Greece and the lenders is not reached very soon, the econ­omy will start slip­ping back into a vi­cious cy­cle – and no one can pre­dict what the out­come of that will be.

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