Friday 23 March 2018

Greece is set to leave its bail-out programme. Its troubles aren’t over

ALEXIS TSIPRAS, Greece’s left-wing prime minister, is getting along better these days with his country’s big creditors, the EU and the International Monetary Fund. One reason is that Athens is likely to complete its current bail-out programme in August, on time and with funds to spare. Another is that the economy is growing, albeit more slowly than forecast.

But Mr Tsipras is under growing pressure at home. His Syriza party’s unlikely coalition with Independent Greeks (Anel), a small populist party led by Panos Kammenos, a blustering right-winger, is in danger of falling apart. Mr Kammenos, the defence minister, opposes Mr Tsipras’s efforts to resolve a 25-year dispute over what Greece’s poor northern neighbour, officially known as the Former Yugoslav Republic of Macedonia, should henceforth be called. Mr Kammenos has also broken ranks with Syriza over how to handle Greece’s latest flare-up with its historical rival, Turkey, a NATO ally with a policy of contesting Greek sovereignty over a clutch of small Aegean...Continue reading

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