The writer is deputy department director at OFCE Sciences Po, Paris.
Negotiations between the country, its creditors are about politics, not economics.
Private spending will resume when expectations on the future change, when the economy resumes growth.
In Greece, investment is just 35 per cent of what it was in 2007, and austerity has seriously affected the quality of education and healthcare.
A novel of Virginia Woolf and Vanessa Bell, constructed around an invented diary and letters, Vanessa and Her Sister is a multilayered, subtly shaded novel.