The word, reform, has now become central to the tug of war between Greece and its creditors. New debt relief might be possible—but only if the Greeks agree to “reforms.” But what reforms and to what end?
“It takes a passionate disregard for the truth to suggest that Greece is recovering.” That was my verdict last December upon being asked to comment on Greece’s rumoured recovery. Almost three months later, it is time for an update. The gist of today’s update is depressingly simple: Still, no sign of Greek-covery whatsoever. Indeed, every…