Wednesday, March 14, 2012

It's not yet over for Greece


BRUSSELS | Tue Mar 13, 2012 9:12am EDT
BRUSSELS (Reuters) - Greece will have to slash a further 5.5 percent of GDP in government spending in 2013 and 2014 to meet agreed fiscal targets underpinning the second international bailout for Athens, a European Commission report said.
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Comment: Like with a spoiled brat, discipline must be imposed permanently as a part of the cure.

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