Greece’s painful and irresponsible bail out

Mr Tsipras, prime minister of Greece, has changed from firebrand advocate of change in the Euro and opponent of austerity into EU establishment poster boy, accepting every term of a bad deal.

His willingness to sign up for everything he once opposed is a far from reassuring sight. He says he is taking a painful but responsible approach. I see nothing responsible in what he is visiting on both Greece and the Eurozone.

Whilst Mr Tsipras and the zone have been at war over the deal, the Greek economy must have suffered further substantial damage from bank closures, loss of tourist revenue, and the inability of Greek companies to pay overseas suppliers.