Greeks in the streets, as they have been in the tens of thousands almost daily, have brought Europe’s debt crisis to a new and highly volatile stage. Austerity plans are political now, and there’s no stepping back from this truth.
There have been protests around Europe before last week’s sometimes-violent clashes in Athens. But nothing before these latest Greek demonstrations brings the point home so plainly: There are limits to the spending cuts and structural reforms that any government can impose without a clear display of shared sacrifice.
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