The Cracks and the Crack-Up, by Dawn Bennett
The cracks in the eurozone have been showing more and more clearly since last weekend's meeting of the Eurogroup that ended with a proposal for a third bailout for Greece, just accepted by the Greek Parliament, with austerity measures (including higher taxes, deep cuts in pensions and other government benefits and the sale of most state assets) at least as draconian as the ones rejected in a country-wide referendum on July 5th. Italy's Prime Minister, Matteo Renzi, declared that "enough...
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