Monday, June 3, 2013

Talk of recovery in Greece is premature – and all about justifying austerity

Perhaps you remember reading about a basket case called Greece. The first domino to fall in the eurozone crisis, it was officially broke and only kept afloat by hundreds of billions in euros from Europe and the IMF. To secure the loans, Athens had to slash spending, lay off or cut pay for thousands of public servants and flog state assets.

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The Guardian