Only More Greek Drama Will Avoid the Drachma

February 26, 2015 10:07 PM

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Only More Greek Drama Will Avoid the Drachma

Greece and the rest of the eurozone spent February fighting about the procedure for keeping the country afloat. They will spend the spring haggling over a tougher issue: Which economic policies can appease both its creditors and its population?

This week’s agreement to carry on talking was hard enough to achieve. The next deal will be far harder because the airy communiqués that preserved a consensus so far must be turned into meaty policy decisions.

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