Photo Gallery: Anger and Despair on the Streets of Athens

Foto: Simela Pantzartzi/ dpa

'A Toxic System' Why Austerity Still Isn't Working in Greece

Despite drastic austerity measures, a new Greek debt haircut looks unavoidable. The old system has proven resistant to reform and billions in emergency aid hasn't been enough to turn things around.
Translated from the German by Christopher Sultan