In Greece, however, the political problem is the mirror image. The austerity required by the end of bailouts is so mind-numbingly severe that the public simply won’t stand for it.

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The new austerity package for Greece includes $9.4 billion in tax hikes, doubling past measures agreed to with bailout lenders that have pushed unemployment to a record 16.2 percent and extended a ...

While Greece appears to have gone from the heaven of economic growth to the hell of political instability in just a few weeks, the reality is that the country is dogged by serious underlying problems.

While Greece appears to have gone from the heaven of economic growth to the hell of political instability in just a few weeks, the reality is that the country is dogged by serious underlying problems.