EU/Greece: Epic drama, not tragedy

Pierre Briançon Never mind the denials and semantics: the European Union will help Greece cope with its financial problems because it has no choice. That is the political reality. Whether aid comes in the form of bilateral loans from euro zone member countries, or via special facilities that are possible under the existing treaties, it has become clear that Athens will not be left out in the cold. Yet jittery markets do not seem to be convinced, and have sent Greek sovereign spreads to record h...