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Greece austerity: Cure or poison?
"The Greeks are having an external austerity program rammed down their throats, and it's ultimately going to collapse the Greek economy," said Mark Blyth, professor of international political economics at the Watson Institute at Brown University in Providence, R.I. "In Greece, they're basically hacking themselves to pieces." Desmond Lachman, resident fellow at the American Enterprise Institute for Public Policy Research and former policy adviser at the International Monetary Fund, said this is part of the Greek government's effort "to reduce their deficit from 15% of GDP to 3% of GDP in the space of three or four ... (full story)
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