Seventh, at the same time, political economy deliberations in the euro area have played their part in delaying the recovery of the Greek economy. The Eurogroup decision of November 2012 to grant further debt relief was put off for several years and was actually implemented only in June 2018.
Households that spend a high fraction of their income on rent often may find themselves unable to pursue proven strategies to achieve financial security and invest in their family’s  15  Richard Rothstein, The Color of Law: The Forgotten History of How Our Government Segregated America (New York: W.W. Norton & Company, 2017). 16 See http://www.pewtrusts.org/en/research-and-analysis/reports/2018/04/american-families-face-a-growing-rentburden. -11-  future.