Tag Archives: Eurobonds

Staring at defeat

Illustration by Manos Symeonakis

Some had hoped for a dramatic and inspiring last throw of the dice to drag a confused, beleaguered and sometimes reluctant country forward, but Prime Minister George Papandreou’s speech in Thessaloniki last weekend felt distinctly like an admission of defeat.

Any address that begins by focusing on the failings of the previous government, as Papandreou’s did by rehashing the argument about New Democracy’s disastrous management of the Greek economy, is condemned to look back rather than forward.

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