Despite a courageous public stance by the International Monetary Fund,
European officials failed again on Tuesday to deal with the critical
issue of Greece’s debt sustainability. If this continues, they will
undermine yet another bailout package for Greece and suffer further
erosion in credibility, especially in the eyes of their own citizens.
They also risk seeing another hard-fought cash infusion do little more
than buy a few months for a struggling Greek population.
http://link.ft.com/r/WDI4RR/Q3N9FN/9ZA4GU/08J88D/Q3LC5E/CM/h?a1=2012&a2=11&a3=21 |
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