Debt Virus Spreads During Make-Believe Recovery: Matthew Lynn

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Debt Virus Spreads During Make-Believe Recovery: Matthew Lynn
The euro area is growing again. The banking system has survived its stress tests. The Greeks have implemented their first austerity measures with some success.
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Greece is on the verge of a precipice – a day after unrest which saw three people killed, the country’s Parliament is debating the austerity package which sparked the violence. The situation remains tense and many analysts say it’s the high price Greece is having to pay for being part of the Eurozone – a cost now being picked up by the people.

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