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Greek ultimatum is a bad idea
Should Greece’s creditors give the country an ultimatum? No. Not only is such a thing probably unnecessary, it could also play into the hands of Greek nationalists who would argue that foreigners were again bullying Athens. Besides, negotiations between Greece and its creditors are making progress, albeit still too slowly. Dictating to the Greeks would make any bust-up between the two sides particularly bitter. Some take the opposing view. The Wall Street Journal’s Simon Nixon, for example, argued last week that talks between Athens and its lenders were going nowhere; so the euro zone and International Monetary ... (full story)