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16 Feb 2012

Greek bailout myths

"The last-minute cancellation of a eurozone ministerial meeting to confirm a joint European Union-International Monetary Fund package worth €130 billion exemplifies the chaos and mistrust around the eurozone's attempts to rescue the Greek economy"

The Hindu : Opinion / Editorial : Greek bailout myths: What Greece needs instead is systemic improvement of its ramshackle tax-collection system and far more investment in solid production, but the eurozone proposals neglect that and will almost certainly exacerbate Greece's problems.

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