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The Sisyphean task of managing the euro zone

 InDepth News 19 September 2019

In spring 2011 it became more and more obvious that Greece would not be able to comply with the conditionality of the 2010 rescue package of €120 billion. Targets were not reached since the budget cuts and austerity measures had stalled growth, and the recession was deeper than calculated. Spending for unemployment went up while tax revenues fell. (1584 Words) - By Peter Wahl


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