Yes you read it right! Increases, not decreases the Greek debt. After the dust went away and the parties from the recent summit are over, people started to analyze the so called “deal” about the Greek debt.
Here are three articles that argue that the Greek plan is no solution. Charles Forelle from the WSJ and Hugo Dixon from Reuters explain why the Greek debt will increase and not decrease as a consequence of the “deal”. Also, Wolfgang Munchau of FT argues why the Eurozone crisis is not over and why a 50% reduction on the Greek debt was necessary.
