Some American dude is telling us we should lay off the poor Greeks and ixnay on the austerityay.
Charles Dallara, head of the Institute of International Finance, delivered a scathing attack on the policies of austerity in Athens."Europe and Greece need to steer a new course to find a better balance between austerity and growth, between short-term fiscal discipline and long-term expansions of output and employment opportunities," Dallara said in a speech outlining the strategy that he argued was required for Greece and Europe to emerge from the crisis."A return to real, sustainable economic growth can be the only genuine solution to Europe's crisis"....
....he told the Hellenic Bank Association.
Big Ramifications: Charles Dallara, head of the Institute of International Finance, delivered a scathing attack on the policies of austerity in Athens.
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