CIGI Policy Brief No. 124: Greece's "Clean Exit" from the Third Bailout: A Reality Check

Year of Publication
Miranda Xafa
Document Type


Following the disastrous negotiations in 2015 that resulted in a third bailout agreement, relations between Greece and its creditors have gradually improved. It seems Prime Minister Tsipras has  finally internalized the lesson that "a conciliatory tone will carry you much further than brinksmanship when you’re making bold requests,” according to Harvard Law School, which ranked Greece’s "chicken” negotiating approach as the worst negotiating tactic globally for 2015 (Kathimerini 2016).