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Policy Note 2012/12 | December 2012

Greece: Caught Fast in the Troika's Austerity Trap

On November 27, 2012, the Eurogroup reached a new “Greek deal” that once more discloses that there is no political will to address Greece’s debt crisis—or the country’s economic and social catastrophe.

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Policy Note 2012/12
Associated Program:
The State of the US and World Economies
Related Topic(s):
Debt sustainability Direct job creation Employer of Last Resort (ELR) policy Eurogroup Eurozone Eurozone debt crisis Fiscal austerity Greek economic crisis Troika
 
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