The numbers don’t lie

The high cost of the so-called “proud” negotiations carried out last summer by the SYRIZA-Independent Greeks coalition and the country’s partners and creditors – namely the European Union, the European Central Bank and the International Monetary Fund – is becoming increasingly visible as time goes by.

Those negotiations, about which the government never seems to stop boasting, ended with the country signing a third bailout agreement.

The consequences of the capital controls imposed in late June last year on Greek exporting companies, for instance, is a key example in this case.

Anyone who continues to argue, even at this point, that the imposition of capital controls has not affected the principal indices of the country’s economy, should take a good, hard look at the figures.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.