Austerity yes/no is the economic equivalent of a bikeshed argument. All the arguments about printing more or printing less money completely sidestep the real i

Austerity yes/no is the economic equivalent of a bikeshed argument. All the arguments about printing more or printing less money completely sidestep the real issue: how do you improve the productivity of the Greek economy. Economists have opposing theories that it's either really good, or really bad, to drop money from helicopters or just outright give it to banks. None of these people are looking at the Greek economy saying "this is how they can double tourism", etc. Over the long term these are the decisions will create actual sustainable growth. As for getting back the €360B, well, I wish all parties better luck with their decisionmaking next time. Seems like they need aid more than they need loans.