Europe is perversely determined to make a losing bet on Greece

With no end in sight, the mind reels at the sheer absurdity of Greece's epic economic saga

Greece, European Union flags
(Image credit: Milos Bicanski/Getty Images)

Back in February, Greece, the International Monetary Fund, the European Central Bank, and various eurozone stakeholders all managed to hammer out a temporary deal to keep Greece's struggling country afloat. How much cutting of government and services could Greece tolerate? How forgiving were its creditors willing to appear? And would that be enough for the math to meet in the middle?

Fast forward four months, and it looks like the answer may well be no. In fact, it's not clear anyone was able to gain any inches at all.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.