The often lambasted bailout loans granted by Europe and the IMF to Greece since 2010 have allowed the Greek government to enjoy effective funding costs not just similar but even much better than those of the highest quality sovereign debtors. Thanks to the bailouts and their incredibly generous...

No. The infamous bailout loans granted by Europe and the IMF to Greece since 2010 did not create austerity in the country. We use official statistics to show that government spending and deficits did generally not go down in the bailout period versus other previous periods in “modern” Greece...