The deal between Greece and the European authorities is actually a good one for both sides. Rather than marking the beginning of a new phase of the euro crisis, the agreement may be remembered as the culmination of a long series of political compromises that, by correcting some of the euro’s worst design flaws, created the conditions for a European economic recovery.
但传统智慧可能是错误的。希腊和欧洲当局的协议实际上对于双方都是好事。该协议绝非欧元危机新阶段开始的标志，它有可能作为一系列漫长的政治妥协的起点被人铭记，这一系列妥协纠正了欧元最糟糕的设计缺陷，为欧洲经济复苏创造了条件。