The Greek crisis has left behind far-reaching economic adjustment and reforms coexisting with debilitating socioeconomic legacies. Greece’s equivalent of a Great Depression unleashed extreme sociopolitical tensions; yet upon graduating the Memoranda, Greek parliamentary democracy demonstrates remarkable resilience. After a peak of anti-EU sentiment, Greece now claims one of the most pro-EU parliamentary majorities and a public opinion strongly supportive of participation in the EU and the euro. Why did Greece end up defying the most negative expectations? The talk will address the paradoxes of adjustment and explore dilemmas and prospects.