The prospects for Greece
If a left, or left-led, government takes office in Greece after 25 January, then what are the prospects for it winning concessions on debt from the EU leaders? French finance minister Michel Sapin says “it is absolutely fair and legitimate that discussions should take place between the EU and the new Greek government”, trying to secure “the stability of the eurozone”. Yet Germany's finance minister, Wolfgang Schäuble, says “there is no alternative” to the current programme. Finland's prime minister, Alexander Stubb, promises “a resounding no” to concessions. Franceso Saraceno, an economist who...