The referee has to stop this fight. The potential for Greek GDP growth is being beaten to a pulp. The Troika, ( EU/IMF/ECB), required Greece to tighten austerity measures even more in order to tap into the new bailout fund. Its creditors reaction to a Greek commitment to eliminate 15,000 government jobs in 2012 has been unenthusiastic, but prompted Greeks into the street. Moreover, the PSI deal has still not been finalized after discussions for months. Europe’s conundrum will just not go away.
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