Hugo Dixon is a columnist and entrepreneur. His most recent book is "The In/Out Question: Why Britain Should Stay in the EU and Fight to Make it Better." He founded Breakingviews in 1999, and was editor and chairman until it was acquired by Thomson Reuters in 2009. He continued to edit it until 2012. Before founding Breakingviews, Hugo spent 13 years at the Financial Times, the last five as Head of Lex. He began his journalistic career at the Economist. Follow him on twitter: @hugodixon
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There are so many ways things could go wrong in Greece that it’s easy to miss how things could also go right. The good scenario involves the ECB buying up Greek bonds, the lifting of capital controls and a deal on debt relief – all by year-end.
The ECB president has done almost everything he can to keep Greece in the euro without breaking the central bank’s rules. Although Draghi has been attacked by Athens for asphyxiating the country and hardliners for showing excessive leniency, he has got the balance about right.
Now that Alexis Tsipras’ Syriza party is splitting, he can form a credible and stable new government. That could put relations with Greece’s creditors onto a constructive footing and turn the economy around. If Tsipras squanders the chance, the country will be doomed to failure.
- Hugo Dixon: Euro zone should take over Greek banks
- Hugo Dixon: Greek deal leaves bitter aftertaste
- Hugo Dixon: Syriza split best outcome for Greece
- Hugo Dixon: Greece could do with a new referendum
- Hugo Dixon: Tsipras has to break party or country
- Hugo Dixon: Blame game is spur for any Greek talks
- Hugo Dixon: Greece will struggle to stay in euro