Pages

Saturday, July 20, 2013

The Economist Says Austerity Failed

With Greek Prime Minister Antonis Samaras saying he has cast his lot with austerity, the magazine The Economist said evidence is growing that pay cuts, tax hikes, slashed pensions and firing workers alone won’t help the country meet goals imposed by the bailout program. The magazine said German Finance Minister Wolfgang Schaeuble’s visit to Athens produced false optimism. He is ...

READ THE ORIGINAL POST AT www.greekherald.com