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.
The award was announced on October 20 and carries a total purse of Rs 2 lakhs under four categories — Best Fiction (English), Best Non-Fiction (English), Literary Achievement Award in Kannada and Popular Choice (English).