Greece is dying under the terms of its bailout package, argues new research from the Levy Economics Institute of Bard College. "The bailouts have proven to be a curse. The nation is literally under economic occupation and sinking deeper into the abyss, and there is very little reason to expect a turnaround in the foreseeable future. The main reason for this awful situation is that the country has suffered for more than two years under a harsh austerity regime imposed" by the EU and IMF. The report argues if the austerity programs go forward as planned, they'll ultimately hollow out Greece.
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