Γ. Παπακωνσταντίνου στη Wall Street Journal: The “Greek Problem”

There has been no shortage of metaphors these past few weeks to describe Greece's fiscal and economic problems—commentators have invoked everything from the Labors of Hercules to the Myth of Sisyphus and have even described Greece as Iceland on the Aegean. At the same time, dire warnings have come from the European Commission, the European Central Bank and the markets as both the cost of Greek government debt, and the cost of insuring it, has risen. So is the sky about to fall on our heads? The short answer is: No.
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