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Greece’s debt troubles strengthen the case for a fiscal union in Europe

Posted by seumasach on July 21, 2015

South China Morning Post

21st July, 2015

The Greek debt crisis has evolved in a dramatic way over the past weeks. Despite a Greek referendum voting no to the reform proposal, the European creditors have insisted on even harsher austerity measures as precondition for a third bailout, which Greek Prime Minister Alexis Tsipras finally accepted with deep reservations.

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