The Presidential Daily Brief


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    Is the Greek Debt Crisis Finally Ending?

    On Monday, Greece’s third big bailout package will end, bringing the total amount of cash it received from the European Central Bank, European Commission and International Monetary Fund to nearly $312 billion. Now, a profoundly changed Athens will be able to borrow money normally from capital markets, but with a shrinking economic base, there are considerable doubts about its ability — once again — to satisfy its creditors. One of the European Union’s most serious dramas in recent memory may be drawing to a close, but officials will need to ensure it’s not repeated.

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