The Greek referendum on the EU bailout plan changed less than might have been expected. European leaders continue to bend over backwards to accommodate the Greeks while turning a blind eye to the reality of Greek toxic debt. What’s more, there is a danger that in so doing, other more serious matters, such as Ukraine and the rise of ISIS, are being dangerously overlooked.

<i>Most people thought that the Greek referendum would have brought the Greek crisis to a turning point: structural reforms or Grexit. Yet, a week after the Greek voters rejected the reform programme, the negotiators from Athens were still talking to Brussels in order to obtain ext...

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Professor Enrico Colombatto
Greece and other EU countries have been living for too many years above their means and there is only one way out. Creditors should pay the cost of having financed bad debtors, forget about the past, and accept the losses involved.
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