Demotix/Giorgos Panagakis. All rights reserved.
Frances Coppola, economics writer and contributor to the Financial Times
The creditors’ final offer is simply a watered-down version of the policies that were agreed in 2012. These have caused a 27% fall in Greek GDP, thrown one in four adults out of work, prevented more than half of young people from finding work at all, and created poverty and misery on a scale similar to the Great Depression. Crucially, they have also failed to make Greece’s debt sustainable.
