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Bailout

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The Greek 'Disaster' That Was Never About Greece - Array

"Disaster averted" in Greece, if the confused pundits of finance and economics are to be believed. Supposedly if Greece's profligate government had defaulted on its debt the world economy...

Why The Greek Bailout Failed - Kenneth Rogoff, Project Syndicate

CAMBRIDGE – As the Greek crisis evolves, it is important to understand that a successful structural-adjustment program requires strong country ownership. Even if negotiators overcome...

The GM/Chrysler Bailouts Were a Success - Array

Every so often, we ought to celebrate our victories. The auto bailout is a case in point. Six years ago, it was wildly controversial, with the fate of General Motors and Chrysler in the...

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