"The Greek debt crisis is in year seven," says Dimitra DeFotis in Barron's. "It could turn out to be a lucky number." The country has just agreed a further package of pension, tax and labour market reforms with its creditors, opening the way for discussions about debt relief a crucial precondition for a sustainable economic recovery. The political backdrop has improved too; for the first time in ages "Greece has had some government stability", says John Koudounis of Calamos Investments. Hence the nascent rally in Greek stocks may not, for once, be a false alarm.
Viewpoint
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