Greece, not again?

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The Greek-Troika conflict is roiling markets, boardrooms and cabinet offices around the world.  Crises are best solved by recognising losses, allocating them and moving on, so the biggest risk, this column argues, is that a compromise kicks the can further down the road.  As the can rolls on, the scenery becomes politically and socially less attractive – fuelling the rise of political animosities, nationalism, and fringe parties.

Groundhog Day in Greece | VOX, CEPR’s Policy Portal

Germany expects talks with Greece to drag on until after the current round of bailout funding runs out at the end of the month and is prepared to play a waiting game until April or May, when the country approaches a cash crunch, a person familiar with the matter said. Greece would not immediately go bankrupt at the end of February because it has resources to last beyond that point and Germany is ready to hold off until there is a more urgent need to strengthen its bargaining position, said the person, who asked not to be identified discussing internal talks.

Merkel Expects Greek Funding Talks to Drag On for Months - Bloomberg Business