That runaway train called Greece

Decisions can still be reached, but could it be the derailment is inevitable?

Imagine finding yourself in the following situation. A train is travelling at high speed and up ahead in its path are ten people who cannot move. You are 200 yards away, standing at a switch that only you can operate that shifts the train to another track on which there is only one person, who also cannot move. You must decide whom to save. Do you sacrifice one person to save ten or vice versa?

This is the dilemma in which eurozone policymakers find themselves: do they save Greece again or let it go on hurtling towards the abyss? There is no third option, given that the country’s current state of limbo is unsustainable in the long run.

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