Greece's Financial Revival: A Paradox of Debt and Interest Rates

This chapter explores the significant improvement in Greece's financial situation over the last 12 years, transitioning from a severe debt crisis to borrowing at near-zero interest rates. It examines the complexities of investor behavior, low interest rates, and the role of central banks in shaping Greece's fiscal landscape. Through discussions on sovereign bond ratings and the influence of the EU and IMF, the chapter raises questions about the sustainability of this turnaround amid rising inflation concerns.