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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