Greece's Financial Woes Are Far From Over

Debt stands at 176 percent of GDP. No one knows how Greece will pay
High school teachers shout slogans during an anti-government rally in Athens on Sept. 25, the second day of a 48-hour strike by public-sector workers Photograph by Yorgos Karahalis/Reuters

There were glimmers of hope in Athens in late September as international lenders arrived for a new round of talks on Greece’s debt crisis. The government said it would post a small budget surplus this year, with the economy set to contract a less-than-expected 3.8 percent. Tourism is up, Greeks are depositing money in banks again, and a poll released on Sept. 25 showed support for the governing coalition holding steady.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.