Yet another baillout for Greece

http://www.bbc.co.uk/news/business-17308804


Greece has now met the conditions for another huge bailout aimed at helping their free-falling economy. I do not for one second believe that this will solve the problem in its entirety. I believe that this bailout will help Greece slightly, but it will still be a shrinking economy for quite a few years to come. Also the level of austerity could crush any hope of growth for Greece and send it back into free-fall, increasing the chances of another bailout or debt swap deal.


However I do not feel the Eurozone has got any other viable choices than to help nurse Greece back to full economic health, as Greece will not voluntarily leave the Euro and the countries of the Eurozone can not be seen to be just abandoning countries who go through economic turmoil. From the start the Euro was seen as a great leap forward and many of the countries, if not all, believe the structure is not broken, so kicking Greece out of the Euro is not possible unless the Eurozone has been seen to be offering as much help to Greece as is realistically possible.