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Monday, December 12, 2016

The Double Bind Faced By Greece

ESM proposed measures reducing the Greek debt by 20% by 2060 but this is not enough. EU puts pressure for fiscal surpluses of 3.5% of GDP for the next 3-10 years. IMF requires surplus target of 1.5% of GDP or more austerity measures. Political stability to ...


READ THE ORIGINAL POST AT seekingalpha.com