November 8, 2012

Staying in Eurozone May Be Worse for Greece

Free Exchange, Free Exchange

AP Photo

GREECE faced massive strikes turned riots yesterday as its government passed a new round of fiscal consolidation, designed to shrink the budget €18.5 billion by 2016. The contents of the austerity plan hardly seems like the stuff to drive Greeks to firebomb riot police; among the measures under debate were a two-year rise in the retirement age and measures to make it easier to fire public employees.

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TAGGED: Eurozone, Greece


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Wake up, wake up and smell the tear gas! The Greeks are having yet another 48-hour general strike — plus an extra day of transport strikes — as they continue towards eventual and certain departure from the euro. more ››
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To Save Greece, Stop Lending It Money
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