The financial rescue plan devised by eurozone governments for Greece doesn’t look like a rescue plan in the classic sense. Like a thermonuclear weapon, it appears intended never to be used at all. The idea is that the Greek government itself, backed by calmer financial markets, will succeed in overcoming its debt crisis without ever drawing on assistance from its 15 euro area partners. Read more
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Gideon Rachman and his FT colleagues debate international affairs on