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And nobody sane would give Greece Yet Another Debt Restructuring without seeing reforms actually implemented first.
by peterfirefly 11y ago
And nobody sane would give Greece Yet Another Debt Restructuring without seeing reforms actually implemented first.
- sooheon 11y agoIt's really tail chasing all the way down. Because according to the IMF, the reforms that they have demanded have done more harm then good, and have further hurt the chances of creditors seeing their money ever again.
- peterfirefly 11y agoNot quite what they said/wrote, actually. It was more like "given the lack of implemented reforms and privatizations, the current debt has become close to unsustainable and definitely will be unsustainable if they continue to not implement long promised reforms and privatizations".