New York Times (October 24)
2012/ 10/ 26 by jd in Global News
“The lesson that should be learned from Greece is that its fiscal mess has been made far worse by severe budget cuts.” Data released on Monday shows that the EU “countries that have most ruthlessly cut their budgets — Greece, especially — have seen their overall debt loads increase as a share of the economy.”
Tags: Austerity, Budget cuts, Debt load, Greece
