Time will tell

Watching developments in Britain, my mind goes back to the near-fatal and certainly costly Greek summer of 2015. The turmoil surrounding the bailout referendum called by the leftist-led administration of Alexis Tsipras now feels like a distant memory, or rather like a nightmare one would rather forget. 

All's well that ends well, a cynical observer might say. Indeed, Tsipras managed to perform his political somersault - "kolotoumba" in Greek, a word which entered the international lexicon of political terms as a result - and win a re-election.

Greece's partners and foreign lenders started to take him as a serious interlocutor after the referendum, and certainly after his re-election.

They were not exactly sure how he was able to pull the whole thing off, but they did not really care either. After all, they had accomplished their main objective, which was to...