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The Greek bailout drama: Is this time different?

Economists and analysts around the world, believing a Grexit almost inevitable just a month ago, now insist that the proposed deal between the Greek government and the creditors is only band aid for Greece’s economy and so, it will not work. Well, of course, after five years of depression, having the troika back in Athens to discuss a new package of what I call “reform austerity” is not the easiest thing in the world. However, this time it seems that preconditions for a viable solution are well in place. Let me explain why.

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