A long road lies ahead: Striking a deal on debt and offering a third bailout gets the EU off the hook, but Greeks will feel the pain for decades
After Grexit, “a-Greek-ment”. The Greek debt crisis, which has been dragging on for half a decade or more, has produced quite a few ugly neologisms, and some very silly puns. It has also threatened the very existence of the European single currency and, at various critical moments, to pull the economies of Spain, Italy, Portugal, and thus the entire EU, down with it.