February 13, 2012

Why Greek Bailout Won't Work in Long Run

Patrick Smith, The Fiscal Times

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or the second time in a little over 3 years, Athens is burning. In December of 2008, police shot and killed a teenage student, igniting an explosive reaction by young people throughout the country and beyond. Back then, the riots gained traction because of a deep frustration with the Greek economy—high unemployment, government inefficiency, and a sense that the future would never live up to the past.

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TAGGED: Bailout, Greece, Patrick Smith

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