The EU’s deal on Greece shows that Europe remains wedded to the politics of austerity

On 20 February, Greece agreed to a four month extension of its current bailout programme, subject to the approval of reform measures proposed by the Greek government. André Broome writes that while the election of the Syriza-led coalition in Greece was initially hailed as a game-changing event that could bring an end to austerity in Europe, the negotiations between Greece and the ‘Troika’ demonstrate why a sharp turn away from austerity policies in Eurozone bailouts remains highly unlikely.