In the recent debate over whether to bail out Greece, Wolfgang Schäuble, Germany’s conservative finance minister, and Alexis Tsipras, Greece’s radical-Left prime minister, were at opposite ends of the spectrum. Schäuble designed the rejected “temporary Grexit” option with up-front debt relief, while Tsipras argued for a bailout within the euro with debt relief prudently postponed. Tsipras seemingly won this debate, but both men left the field wounded.
So why do both now say the bailout will fail?
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