Greek debt crisis not the tragedy we’re being shown

Syriza’s chorus of despair has learned its lines well, but efforts to blames some sort of pantomime villain are erroneous, writes Daniel Gros

SINCE the anti-austerity Syriza party’s victory in Greece’s recent general election, the “Greek problem” is again preoccupying markets and policymakers throughout Europe.

Some fear a return to the uncertainty of 2012, when many thought that a Greek default and exit from the eurozone were imminent.