My country’s economic plight has dominated headlines for months. While many commentators have focused on the underlying problems within Greece, less attention has been paid to my government’s determined efforts to address them and to the wider global problems that are now hindering our capacity for economic recovery.
When I became prime minister in October, I was fully aware that Greece faced a serious budget deficit. Only after I took office, however, did I discover that our predecessors had concealed the deficit’s true size — 12.7 percent of gross domestic product, twice what they had claimed.
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