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Greek austerity imposed by Germans had resulted in the doubling of debt as percentage of GDP.
by imtringued 3y ago
Greek austerity imposed by Germans had resulted in the doubling of debt as percentage of GDP.
- Rinzler89 3y agoWhich Germans imposed Greek austerity? AFAIK Greek austerity was imposed by Greece's major creditors, but Germany was only one of many.
- buran77 3y agoBetween Brussels and Frankfurt (EU institutions I mean) the general consensus was that the Greek situation was more akin to loansharking than anything else. And Germany was undeniably the largest driving factor behind this approach, and the country that most benefited from it.
- Rinzler89 3y agoBut what was the better alternative for Greece?