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Explainer: Why Austerity Won’t Save Greece
Posted On 19 Feb 2015
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Feb. 19 — Austerity programs demanded by Greece’s debtors are pinching the country’s economy. And history shows that very few countries have been able to meet the surpluses the Troika is asking for from Greece. Blooomberg’s Brendan Greeleyexplains how to measure austerity and how it is unlikely to help Greece get out of debt.