November 9, 2012

How to End the Agony in Greece

The Economist, The Economist

AP Photo

A GENERAL strike; protesters on the streets; parliamentary battles over austerity measures needed to unlock rescue funds; and a sinking economy with an ever bigger debt burden. The situation in Athens this week is grimly familiar—and not just because Greece has had so many similar weeks over the past couple of years. There are also eerie echoes of the developing-country debt crises of the 1980s and 1990s.

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TAGGED: Greece, Eurozone, Europe

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