Greece's headline numbers make for grim reading: six years of recession and unemployment of 27%. But beyond the headlines, conditions may finally be taking a turn for the better. The benefit won't be tangible in the near term: The European Commission forecasts an economic contraction of 4.2% this year, and debt remains unsustainable despite two restructurings at 156.9% of GDP. But there are finally reasons for optimism.

One key factor is political stability, something few expected after last year's two highly charged elections....