Friday, February 10, 2012

Disaster in the making: IMF recipe leads Greeks to starvation


Greek politicians' last minute agreement on fresh austerity plans hasn't exactly been greeted with open arms. A 48-hour strike has been called by the country's two major labour unions. And Eurozone member states say they will put even more conditions on Greece before handing over a second bailout. The journalist Stylianos Chrysostomidis says the situation in the country is deteriorating and the consequences could be dangerous.
Robert Oulds - chair of the London based think-tank Bruges Group, believes that it's the European currency itself pushing Greece to the edge.

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