Is Tomorrow Too Late for Greece?

The thing about financial crises is that you can never quite rest easy.

Judgment day is coming for Greece's pensioners.

Photographer: Louisa Gouliamaki/AFP/Getty Images

A few years back, as we watched Greece, Ireland, Italy, Portugal and Spain slide into chaos, it seemed that we were caught between two impossibilities: the seeming hopelessness of holding the euro zone together and the utter unfeasibility of pulling it apart. Somehow, however, they muddled through, and the world breathed a sigh of relief.

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