No credit waiting at bailout finish line

Monday's Eurogroup is expected to officially bring down the curtain on the third review even though it will take a few more days for some prior actions to be completed. The completion of the latest assessment by Greece's lenders will be the trigger for a number of defining developments in the coming months.

A senior eurozone official told reporters in Brussels last week that getting the review out of the way means that discussions can begin at a technical level on debt relief, which is one of the long-awaited benefits that Greece hopes to secure as it exits the third bailout this summer.

However, with reward also comes responsibility. It is clear that Athens cannot harbor any misgivings about stepping out of the program and into an environment where the government will be free to do whatever it wants. The eurozone will not be lending to Greece after the summer but it...