Despite optimistic economic assessments, Greek living standards are still a long way from emerging from the crisis

Greece was the epicentre of the Eurozone crisis, however the Bank of Greece recently announced that it expects the country to return to growth before the end of this year. Steffen Stierle writes on whether the crisis is now being overcome within Greece. He argues that based on the austerity policies which have been implemented in the country, Greek living standards are still a long way from emerging from the crisis.